taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 Confidence Interval Detail
037/Cherokee
037-908/New Summerfield ISD

Category Summary

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

Stratum
Variance
A 3,516,360 0.8636 4,071,746 9 144 .004299356
A 3,403,550 0.9848 3,456,082 9 75 .011195525
A 3,498,430 1.0059 3,477,910 8 52 .005196614
A 3,614,200 0.9274 3,897,132 8 35 .014062462
E 20,917,790 0.9148 22,865,971 14 458 .009589211
Random Totals: 34,950,330   37,768,841 48 764  
Catg J Exception Values: 271,548   334,194      
Catg D1 Exception Values: 2,975,510   3,227,841      
Total Test Values (4): 38,197,388   41,330,876      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 2,066,543

Confidence Interval Values (5)

Local Test Value: 38,197,388 (Outside Confidence Interval)
State Lower Limit: 39,264,333 (State Test Value minus Margin of Error Percent)
State Upper Limit: 43,397,419 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 60,039,817 (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