taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 Confidence Interval Detail
110/Hockley
110-902/Levelland ISD

Category Summary

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

Stratum
Variance
A 95,136,590 0.8833 107,705,864 14 1,999 .070307687
A 93,643,460 0.8371 111,866,515 34 966 .022909484
A 99,226,640 0.9402 105,537,800 32 720 .035002395
A 117,030,150 0.9722 120,376,620 13 502 .010767550
G1 98,377,263 1.0113 97,278,021 11 80 .005772072
G1 99,282,327 1.0445 95,052,491 7 13 .007133925
G1 123,005,654 1.0222 120,334,234 5 6 .000842774
Random Totals: 725,702,084   758,151,545 116 4,286  
Catg D1 Exception Values: 49,921,639   29,898,599      
Catg G1 Exception Values: 352,760,181   343,461,752      
Total Test Values (4): 1,128,383,904   1,131,511,896      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 56,575,594

Confidence Interval Values (5)

State Lower Limit: 1,074,936,302 (State Test Value minus Margin of Error Percent)
Local Test Value: 1,128,383,904 (Within Confidence Interval)
State Upper Limit: 1,188,087,490 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 1,470,487,855 (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