taxes Property Tax Assistance

2018 Confidence Interval Detail

176/Newton
176-902/Newton ISD

Category Summary

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

Stratum
Variance
A 27,210,328 0.6978 38,994,451 16 794 .058190911
A 27,048,570 0.9171 29,493,588 16 383 .055088710
A 28,880,426 0.9130 31,632,449 16 267 .015248557
A 28,641,926 0.9816 29,178,816 16 144 .023664896
E 67,868,493 1.0474 64,797,110 23 1,393 .238997644
G1 13,526,870 0.9933 13,618,111 8 44 .003263852
Random Totals: 193,176,613   207,714,525 95 3,025  
Catg D1 Exception Values: 56,125,076   54,907,780      
Catg G1 Exception Values: 12,808,990   12,544,935      
Total Test Values (4): 262,110,679   275,167,240      

Margin of Error

Margin of Error Percent: 5.2649334
Margin of Error Value: 14,487,372

Confidence Interval Values (5)

State Lower Limit: 260,679,868 (State Test Value minus Margin of Error Percent)
Local Test Value: 262,110,679 (Within Confidence Interval)
State Upper Limit: 289,654,612 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 262,465,492 (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