taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 Confidence Interval Detail
061/Denton
061-905/Krum ISD

Category Summary

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

Stratum
Variance
A 56,553,865 0.8745 64,669,943 15 575 .011175731
A 61,187,520 0.9310 65,722,363 27 460 .005796811
A 96,573,277 0.9729 99,263,313 55 621 .003077538
A 103,771,564 0.9780 106,105,894 24 424 .005772577
E 113,466,870 1.0006 113,398,831 24 817 .023304568
G1 47,925,210 1.0560 45,383,722 10 240 .079572129
G1 48,396,864 1.0243 47,248,720 9 81 .109144304
G1 48,663,003 1.0017 48,580,416 8 34 .018078565
G1 46,269,997 1.0213 45,305,000 6 17 .002997697
Random Totals: 622,808,170   635,678,202 178 3,269  
Catg J Exception Values: 3,845,040   4,945,146      
Catg D1 Exception Values: 4,612,903   5,015,271      
Total Test Values (4): 631,266,113   645,638,619      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 32,281,930

Confidence Interval Values (5)

State Lower Limit: 613,356,689 (State Test Value minus Margin of Error Percent)
Local Test Value: 631,266,113 (Within Confidence Interval)
State Upper Limit: 677,920,549 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 735,021,215 (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