taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 Confidence Interval Detail
037/Cherokee
037-909/Wells ISD

Category Summary

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

Stratum
Variance
A 2,897,200 0.9455 3,064,199 9 144 .069981274
A 2,806,070 0.8952 3,134,573 9 72 .038501091
A 2,957,930 0.8993 3,289,147 9 48 .023507428
A 2,825,370 0.9618 2,937,586 7 28 .012197378
E 21,359,090 0.9667 22,094,848 15 507 .038717004
G1 2,894,914 0.9608 3,013,025 11 41 .021851601
G1 2,893,653 1.0225 2,829,978 8 17 .021891559
G1 2,946,339 0.9779 3,012,925 5 9 .039217524
G1 2,428,574 0.9786 2,481,682 3 4 .070493984
Random Totals: 44,009,140   45,857,963 76 870  
Catg J Exception Values: 187,264   169,225      
Catg D1 Exception Values: 6,397,102   6,987,659      
Total Test Values (4): 50,593,506   53,014,847      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 2,650,742

Confidence Interval Values (5)

State Lower Limit: 50,364,105 (State Test Value minus Margin of Error Percent)
Local Test Value: 50,593,506 (Within Confidence Interval)
State Upper Limit: 55,665,589 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 80,465,119 (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