taxes Property Tax Assistance

2017 Confidence Interval Detail

182/Palo Pinto
182-903/Mineral Wells ISD

Category Summary

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

Stratum
Variance
A 105,325,290 0.9390 112,167,508 14 2,480 .095730497
A 104,423,450 0.9923 105,233,750 22 1,324 .003850213
A 117,317,170 0.9900 118,502,192 47 998 .004303913
A 108,294,260 0.9597 112,841,784 27 499 .006606829
E 115,795,260 1.0131 114,297,957 18 1,118 .006970784
F1 32,252,920 0.9257 34,841,655 17 284 .025641758
F1 31,052,700 0.9067 34,248,042 16 94 .026659197
F1 30,422,280 0.9621 31,620,705 15 46 .005124291
F1 34,316,740 0.8439 40,664,463 10 17 .064316616
L1 11,267,590 1.0734 10,497,103 11 271 .074989380
L1 10,893,270 0.9946 10,952,413 12 61 .018140731
L1 9,619,770 0.9284 10,361,665 8 18 .023347093
L1 11,988,010 0.9616 12,466,733 3 6 .000916968
Random Totals: 722,968,710   748,695,970 220 7,216  
Catg D1 Exception Values: 5,103,750   5,152,992      
Total Test Values (4): 728,072,460   753,848,962      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 37,692,448

Confidence Interval Values (5)

State Lower Limit: 716,156,514 (State Test Value minus Margin of Error Percent)
Local Test Value: 728,072,460 (Within Confidence Interval)
State Upper Limit: 791,541,410 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 753,963,451 (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