taxes Property Tax Assistance

2018 Confidence Interval Detail

043/Collin
043-908/Melissa ISD

Category Summary

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

Stratum
Variance
A 145,412,113 0.9380 155,023,575 65 711 .008083711
A 252,953,726 0.9649 262,155,380 81 1,003 .010579311
A 274,838,561 0.9824 279,762,379 70 888 .005685604
A 314,211,686 0.9745 322,433,747 52 752 .007198563
E 106,195,171 0.9943 106,803,954 10 391 .042160108
Random Totals: 1,093,611,257   1,126,179,035 278 3,745  
Catg D1 Exception Values: 1,440,500   994,106      
Total Test Values (4): 1,095,051,757   1,127,173,141      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 56,358,657

Confidence Interval Values (5)

State Lower Limit: 1,070,814,484 (State Test Value minus Margin of Error Percent)
Local Test Value: 1,095,051,757 (Within Confidence Interval)
State Upper Limit: 1,183,531,798 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 1,206,346,869 (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