taxes Property Tax Assistance

2016 Confidence Interval Detail

093/Grimes
093-903/Iola ISD

Category Summary

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

Stratum
Variance
A 11,307,510 0.9052 12,491,726 8 163 .031168626
A 14,849,780 1.0087 14,721,701 8 83 .019496605
A 18,314,430 1.0336 17,719,069 8 48 .005259437
A 18,191,760 1.1317 16,074,719 7 33 .004856995
E 97,996,320 0.9049 108,295,193 17 989 .014011790
G1 10,923,704 1.0248 10,659,352 7 19 .020810989
G1 11,273,346 0.9269 12,162,419 5 9 .049944739
G1 12,043,582 1.0229 11,773,958 3 5 .011914784
Random Totals: 194,900,432   203,898,137 63 1,349  
Catg J Exception Values: 11,693,897   11,398,975      
Catg D1 Exception Values: 4,859,424   5,240,363      
Catg G1 Exception Values: 7,982,994   8,043,303      
Total Test Values (4): 219,436,747   228,580,778      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 11,429,038

Confidence Interval Values (5)

State Lower Limit: 217,151,740 (State Test Value minus Margin of Error Percent)
Local Test Value: 219,436,747 (Within Confidence Interval)
State Upper Limit: 240,009,816 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 263,809,729 (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