taxes Property Tax Assistance

2018 Confidence Interval Detail

182/Palo Pinto
182-903/Mineral Wells ISD

Category Summary

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

Stratum
Variance
A 102,662,384 0.8838 116,160,199 26 2,245 .085891430
A 102,526,930 0.9936 103,187,329 33 1,251 .015817541
A 120,504,139 0.9778 123,240,069 47 1,000 .010574474
A 116,036,010 0.9753 118,974,685 37 529 .007149004
E 123,679,120 1.0039 123,198,645 31 1,160 .011665170
F1 36,347,811 0.9626 37,760,036 10 310 .007416582
F1 32,446,656 0.8549 37,953,744 9 98 .018546372
F1 35,378,864 0.8479 41,725,279 8 51 .013537736
F1 28,190,847 0.8547 32,983,324 6 14 .060391700
L1 10,037,730 0.9848 10,192,658 10 247 .000955618
L1 10,332,200 1.0004 10,328,069 9 60 .008935807
L1 12,444,510 0.9846 12,639,153 8 21 .002757602
L1 9,877,740 0.9265 10,661,349 3 4 .001377797
Random Totals: 740,464,941   779,004,539 237 6,990  
Catg D1 Exception Values: 5,259,260   5,410,221      
Total Test Values (4): 745,724,201   784,414,760      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 39,220,738

Confidence Interval Values (5)

State Lower Limit: 745,194,022 (State Test Value minus Margin of Error Percent)
Local Test Value: 745,724,201 (Within Confidence Interval)
State Upper Limit: 823,635,498 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 780,555,741 (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