taxes Property Tax Assistance

2018 Confidence Interval Detail

140/Lamb
140-905/Olton ISD

Category Summary

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

Stratum
Variance
A 7,966,520 0.9080 8,773,700 12 319 .019013326
A 7,798,280 0.8940 8,722,908 12 147 .016478121
A 8,119,050 0.9377 8,658,473 11 94 .031360303
A 7,960,710 0.9519 8,362,969 10 46 .024447683
E 21,446,876 0.8158 26,289,380 21 376 .144441098
L1 1,850,060 0.9954 1,858,610 6 19 .001504710
L1 2,089,880 0.9779 2,137,110 3 6 .000364671
Random Totals: 57,231,376   64,803,150 75 1,007  
Catg D1 Exception Values: 34,910,939   21,658,221      
Catg L1 Exception Values: 1,008,320   985,182      
Total Test Values (4): 93,150,635   87,446,553      

Margin of Error

Margin of Error Percent: 5.1140907
Margin of Error Value: 4,472,096

Confidence Interval Values (5)

State Lower Limit: 82,974,457 (State Test Value minus Margin of Error Percent)
State Upper Limit: 91,918,649 (State Test Value plus Margin of Error Percent)
Local Test Value: 93,150,635 (Outside Confidence Interval)
Value Assigned (6): 119,782,585 (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