taxes Property Tax Assistance

2018 Confidence Interval Detail

161/McLennan
018-904/Valley Mills ISD

Category Summary

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

Stratum
Variance
A 5,120,160 1.0120 5,059,447 15 40 .005227297
A 4,986,078 1.0143 4,915,782 14 28 .011498825
A 9,359,190 1.0980 8,523,852 14 42 .024845744
A 14,860,810 1.0641 13,965,614 12 47 .020746361
E 30,403,507 1.0381 29,287,648 20 194 .022255689
Random Totals: 64,729,745   61,752,343 75 351  
Catg J Exception Values: 5,329,439   5,503,599      
Catg D1 Exception Values: 1,904,161   1,923,398      
Total Test Values (4): 71,963,345   69,179,340      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,458,967

Confidence Interval Values (5)

State Lower Limit: 65,720,373 (State Test Value minus Margin of Error Percent)
Local Test Value: 71,963,345 (Within Confidence Interval)
State Upper Limit: 72,638,307 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 62,452,359 (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