taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 Confidence Interval Detail
161/McLennan
161-907/Lorena ISD

Category Summary

(1)
Category
(1)
Local
Value
(1)
Stratum
Ratio
(1)
State
Value
(2)
Sample
Size
(3)
Total
Parcels

Stratum
Variance
A 69,132,997 0.9811 70,464,781 17 605 .004570475
A 74,508,772 0.9785 76,145,909 24 486 .001860592
A 75,549,840 0.9550 79,109,780 16 349 .003934064
A 89,164,326 0.9510 93,758,492 14 266 .002656931
E 74,505,964 0.9131 81,596,719 16 556 .014847805
L1 5,051,060 1.0182 4,960,774 8 38 .004625035
L1 4,341,460 1.0095 4,300,604 4 5 .002248094
L1 10,921,430 1.0233 10,672,755 2 4 .001468982
Random Totals: 403,175,849   421,009,814 101 2,309  
Catg D1 Exception Values: 3,635,240   3,383,651      
Catg L1 Exception Values: 21,121,240   20,408,933      
Total Test Values (4): 427,932,329   444,802,398      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 22,240,119

Confidence Interval Values (5)

State Lower Limit: 422,562,279 (State Test Value minus Margin of Error Percent)
Local Test Value: 427,932,329 (Within Confidence Interval)
State Upper Limit: 467,042,517 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 423,513,939 (See ISD Summary Worksheet)

Sources:
(1) See Stratified Category Worksheet Reports PTS236, PTS430
(2) Number of parcels sampled by staff
(3) Total Category Parcels from Stratification Report, Appraisal Roll, or Self-report
(4) Includes any parcels in A, B, C, D3, F1, G1, G2, or L1 marked as exception properties
(5) Unstudied categories and sub-categories were not included in the Confidence Interval Values
(6) Includes local value of unstudied property categories and sub-categories