taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 Confidence Interval Detail
043/Collin
043-919/Lovejoy ISD

Category Summary

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

Stratum
Variance
A 352,265,001 0.9441 373,122,552 63 1,293 .006776846
A 435,592,693 0.9469 460,019,741 62 1,189 .005179216
A 467,796,031 0.9571 488,764,007 69 944 .013686284
A 584,331,123 0.9913 589,459,420 45 762 .005404863
Random Totals: 1,839,984,848   1,911,365,720 239 4,188  
Catg D1 Exception Values: 220,418   154,656      
Total Test Values (4): 1,840,205,266   1,911,520,376      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 95,576,019

Confidence Interval Values (5)

State Lower Limit: 1,815,944,357 (State Test Value minus Margin of Error Percent)
Local Test Value: 1,840,205,266 (Within Confidence Interval)
State Upper Limit: 2,007,096,395 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 1,836,322,230 (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