taxes Property Tax Assistance

2017 Confidence Interval Detail

243/Wichita
243-905/Wichita Falls ISD

Category Summary

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

Stratum
Variance
A 648,115,782 1.0079 643,035,799 73 10,165 .013623337
A 660,573,444 1.0031 658,531,995 75 5,811 .011876542
A 671,413,121 0.9965 673,771,321 75 3,878 .017277060
A 709,637,396 1.0276 690,577,458 75 2,170 .013329062
F1 227,770,956 0.9418 241,846,417 10 951 .023003232
F1 229,843,600 0.7582 303,143,762 10 234 .090700071
F1 230,922,797 0.7662 301,387,101 9 86 .131287589
F1 238,409,767 1.0000 238,409,767 7 23 .016344775
L1 119,788,372 1.0210 117,324,556 11 1,052 .020508308
L1 108,398,645 1.0494 103,295,831 12 222 .023157980
L1 122,101,764 0.9927 122,999,662 10 86 .074061751
L1 111,287,641 1.0156 109,578,221 8 21 .004077739
Random Totals: 4,078,263,285   4,203,901,890 375 24,699  
Catg D1 Exception Values: 1,931,173   1,958,575      
Total Test Values (4): 4,080,194,458   4,205,860,465      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 210,293,023

Confidence Interval Values (5)

State Lower Limit: 3,995,567,442 (State Test Value minus Margin of Error Percent)
Local Test Value: 4,080,194,458 (Within Confidence Interval)
State Upper Limit: 4,416,153,488 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 4,276,917,138 (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