taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 Confidence Interval Detail
072/Erath
097-903/Hico ISD

Category Summary

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

Stratum
Variance
A 994,710 0.9413 1,056,741 7 23 .061326313
A 1,075,720 1.0158 1,058,988 6 17 .050297095
A 895,850 0.9245 969,010 4 10 .011547025
A 1,022,960 1.0356 987,795 5 7 .003081734
E 37,982,270 0.9484 40,048,787 11 369 .009692908
Random Totals: 41,971,510   44,121,321 33 426  
Catg J Exception Values: 458,580   353,158      
Catg D1 Exception Values: 4,789,190   3,560,618      
Total Test Values (4): 47,219,280   48,035,097      

Margin of Error

Margin of Error Percent: 5.0118999
Margin of Error Value: 2,407,471

Confidence Interval Values (5)

State Lower Limit: 45,627,626 (State Test Value minus Margin of Error Percent)
Local Test Value: 47,219,280 (Within Confidence Interval)
State Upper Limit: 50,442,568 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 47,678,490 (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