taxes Property Tax Assistance

2016 Confidence Interval Detail

043/Collin
043-919/Lovejoy ISD

Category Summary

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

Stratum
Variance
A 422,355,650 0.9512 444,024,022 56 1,281 .006303036
A 582,039,990 0.9378 620,644,050 63 1,323 .009457952
A 567,565,940 0.9841 576,736,043 41 951 .005731271
A 690,592,849 0.9729 709,829,221 42 768 .003783151
Random Totals: 2,262,554,429   2,351,233,336 202 4,323  
Catg D1 Exception Values: 177,602   121,561      
Total Test Values (4): 2,262,732,031   2,351,354,897      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 117,567,744

Confidence Interval Values (5)

State Lower Limit: 2,233,787,153 (State Test Value minus Margin of Error Percent)
Local Test Value: 2,262,732,031 (Within Confidence Interval)
State Upper Limit: 2,468,922,641 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 2,156,665,212 (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