taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 Confidence Interval Detail
220/Tarrant
220-915/Azle ISD

Category Summary

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

Stratum
Variance
A 266,512,147 0.8698 306,406,239 50 2,918 .034052084
A 268,622,533 0.9336 287,727,649 50 1,633 .027496446
A 276,473,249 0.9350 295,693,314 39 1,015 .028655320
A 284,822,477 0.9339 304,981,772 27 599 .036917039
F1 30,685,901 0.8661 35,429,975 10 175 .007253460
F1 28,874,806 0.9108 31,702,686 9 66 .002937642
F1 29,168,664 0.9100 32,053,477 7 35 .014774637
F1 29,307,901 0.9059 32,352,247 5 11 .052403327
G1 25,970,600 1.0489 24,759,844 11 71 .044630056
G1 26,499,489 0.9353 28,332,609 8 34 .012330786
G1 25,859,261 1.0272 25,174,514 7 21 .016323440
G1 25,264,419 1.0022 25,208,959 5 11 .018482810
Random Totals: 1,318,061,447   1,429,823,285 228 6,589  
Catg D1 Exception Values: 487,015   208,582      
Total Test Values (4): 1,318,548,462   1,430,031,867      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 71,501,593

Confidence Interval Values (5)

Local Test Value: 1,318,548,462 (Outside Confidence Interval)
State Lower Limit: 1,358,530,274 (State Test Value minus Margin of Error Percent)
State Upper Limit: 1,501,533,460 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 1,356,390,285 (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