taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 Confidence Interval Detail
061/Denton
061-914/Little Elm ISD

Category Summary

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

Stratum
Variance
A 347,311,341 0.9423 368,578,309 84 2,415 .005279991
A 605,048,111 0.9533 634,688,043 103 3,416 .006192874
A 705,632,090 0.9615 733,886,729 102 2,961 .007667558
A 769,482,311 0.9835 782,391,775 83 1,871 .006943455
F1 37,303,256 0.9928 37,573,787 9 51 .001324599
F1 35,245,505 1.0667 33,041,628 6 16 .031040886
F1 57,758,938 0.9898 58,354,150 5 10 .005054397
Random Totals: 2,557,781,552   2,648,514,421 392 10,740  
Catg D1 Exception Values: 244,476   248,057      
Catg F1 Exception Values: 24,850,000   23,372,356      
Total Test Values (4): 2,582,876,028   2,672,134,834      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 133,606,741

Confidence Interval Values (5)

State Lower Limit: 2,538,528,093 (State Test Value minus Margin of Error Percent)
Local Test Value: 2,582,876,028 (Within Confidence Interval)
State Upper Limit: 2,805,741,575 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 2,673,026,804 (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