taxes Property Tax Assistance

2017 Confidence Interval Detail

037/Cherokee
037-909/Wells ISD

Category Summary

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

Stratum
Variance
A 3,031,390 0.7627 3,974,551 9 135 .042247676
A 3,390,980 0.8546 3,967,915 9 80 .036497718
A 3,234,300 0.9802 3,299,633 8 47 .006710205
A 3,598,750 1.0028 3,588,702 7 30 .014808315
E 26,126,390 0.9146 28,565,920 17 526 .094091446
G1 1,772,264 0.9892 1,791,613 10 38 .005399226
G1 1,840,867 1.0356 1,777,585 7 16 .006091342
G1 1,793,570 1.0106 1,774,758 5 8 .013052988
G1 1,660,503 1.0415 1,594,338 3 4 .017629793
Random Totals: 46,449,014   50,335,015 75 884  
Catg J Exception Values: 154,760   202,651      
Catg D1 Exception Values: 8,528,040   8,399,211      
Total Test Values (4): 55,131,814   58,936,877      

Margin of Error

Margin of Error Percent: 7.2079710
Margin of Error Value: 4,248,153

Confidence Interval Values (5)

State Lower Limit: 54,688,724 (State Test Value minus Margin of Error Percent)
Local Test Value: 55,131,814 (Within Confidence Interval)
State Upper Limit: 63,185,030 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 78,812,489 (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