taxes Property Tax Assistance

2017 Confidence Interval Detail

037/Cherokee
037-908/New Summerfield ISD

Category Summary

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

Stratum
Variance
A 3,921,280 0.8649 4,533,796 8 141 .060558461
A 4,687,750 0.8955 5,234,785 9 88 .132546540
A 4,208,740 1.0269 4,098,491 8 53 .026948549
A 5,528,970 1.0629 5,201,778 8 43 .013663113
E 27,230,140 0.9415 28,922,082 21 495 .021518361
L1 1,949,180 1.0321 1,888,557 8 47 .011893402
Random Totals: 47,526,060   49,879,489 62 867  
Catg J Exception Values: 247,203   268,331      
Catg D1 Exception Values: 3,332,051   3,330,000      
Catg L1 Exception Values: 1,444,210   1,444,211      
Total Test Values (4): 52,549,524   54,922,031      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 2,746,101

Confidence Interval Values (5)

State Lower Limit: 52,175,930 (State Test Value minus Margin of Error Percent)
Local Test Value: 52,549,524 (Within Confidence Interval)
State Upper Limit: 57,668,132 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 65,700,157 (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, D2, E, 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