taxes Property Tax Assistance

2018 Confidence Interval Detail

043/Collin
043-919/Lovejoy ISD

Category Summary

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

Stratum
Variance
A 565,399,331 0.9576 590,433,721 58 1,457 .006577624
A 627,367,083 0.9711 646,037,569 63 1,206 .007510770
A 652,248,712 0.9715 671,383,131 49 936 .004561692
A 836,300,807 0.9226 906,460,879 34 831 .038736266
Random Totals: 2,681,315,933   2,814,315,300 204 4,430  
Catg D1 Exception Values: 167,370   97,905      
Total Test Values (4): 2,681,483,303   2,814,413,205      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 140,720,660

Confidence Interval Values (5)

State Lower Limit: 2,673,692,545 (State Test Value minus Margin of Error Percent)
Local Test Value: 2,681,483,303 (Within Confidence Interval)
State Upper Limit: 2,955,133,865 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 2,596,561,373 (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