taxes Property Tax Assistance

2019 Confidence Interval Detail

Erath County
097-903/Hico ISD

Category Summary

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

Stratum
Variance
A 903,510 0.7613 1,186,799 7 21 0.062706295
A 1,182,990 0.8734 1,354,465 6 17 0.057940381
A 1,116,690 1.0169 1,098,132 5 12 0.005825283
A 800,180 0.9219 867,954 6 9 0.019351154
E 49,121,730 0.9830 49,971,241 20 365 0.023484535
Random Totals: 53,125,100 54,478,591 44 424
CATG D1 EXCEPTION VALUES: 5,066,530 3,406,667
CATG J EXCEPTION VALUES: 690,520 635,121
Total Test Values(2) 58,882,150 58,520,379

Margin of Error

Margin of Error Percent: 5.7686584
Margin of Error Value: 3,375,841

Confidence Interval Values(5)

Local Test Value: 58,882,150 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 55,144,538 (State Test Value minus Margin of Error Percent)
State Upper Limit: 61,896,220 (State Test Value plus Margin of Error Percent)

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