taxes Property Tax Assistance

2017 Confidence Interval Detail

072/Erath
097-903/Hico ISD

Category Summary

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

Stratum
Variance
A 1,008,650 0.9185 1,098,149 7 24 .017335278
A 911,680 0.9327 977,463 8 14 .048730400
A 1,191,290 0.8733 1,364,125 6 13 .069063374
A 1,187,940 0.9393 1,264,708 5 8 .018165938
E 43,803,980 0.8334 52,560,571 20 372 .115306180
Random Totals: 48,103,540   57,265,016 46 431  
Catg J Exception Values: 431,360   586,849      
Catg D1 Exception Values: 4,827,210   3,324,674      
Total Test Values (4): 53,362,110   61,176,539      

Margin of Error

Margin of Error Percent: 12.7940108
Margin of Error Value: 7,826,933

Confidence Interval Values (5)

State Lower Limit: 53,349,606 (State Test Value minus Margin of Error Percent)
Local Test Value: 53,362,110 (Within Confidence Interval)
State Upper Limit: 69,003,472 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 55,764,151 (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