taxes Property Tax Assistance

2018 Confidence Interval Detail

093/Grimes
093-903/Iola ISD

Category Summary

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

Stratum
Variance
A 20,174,010 0.9847 20,487,468 12 190 .049957089
A 21,008,140 0.9510 22,090,578 11 67 .007523218
A 25,537,430 0.9742 26,213,745 11 58 .005060308
A 24,675,330 0.9726 25,370,481 11 41 .004866171
E 115,902,920 0.9628 120,381,097 22 1,016 .018994465
G1 13,011,193 1.0254 12,688,895 7 20 .000213345
G1 13,858,057 1.0118 13,696,439 5 9 .001107050
G1 11,611,571 1.0433 11,129,657 3 4 .000240726
G1 11,487,190 1.0202 11,259,743 2 3 .002846999
Random Totals: 257,265,841   263,318,103 84 1,408  
Catg J Exception Values: 13,178,359   13,729,202      
Catg D1 Exception Values: 5,241,022   5,619,195      
Total Test Values (4): 275,685,222   282,666,500      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 14,133,325

Confidence Interval Values (5)

State Lower Limit: 268,533,175 (State Test Value minus Margin of Error Percent)
Local Test Value: 275,685,222 (Within Confidence Interval)
State Upper Limit: 296,799,825 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 330,537,779 (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