taxes Property Tax Assistance

2020 Confidence Interval Detail

Collin County
043-919/Lovejoy ISD

Category Summary

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

Stratum
Variance
A 705,196,688 0.9844 716,372,093 79 1,681 0.004680710
A 730,037,430 0.9812 744,025,102 45 1,254 0.003580475
A 693,099,415 0.9795 707,605,324 46 891 0.002374288
A 775,312,959 0.9786 792,267,483 45 668 0.009043697
Random Totals: 2,903,646,492 2,960,270,002 215 4,494
CATG D1 EXCEPTION VALUES: 160,136 88,041
Total Test Values 2,903,806,628 2,960,358,043

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 148,017,902

Confidence Interval Values(5)

Local Test Value: 2,903,806,628 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 2,812,340,141 (State Test Value minus Margin of Error Percent)
State Upper Limit: 3,108,375,945 (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