taxes Property Tax Assistance

2021 Confidence Interval Detail

Cherokee County
037-909/Wells ISD

Category Summary

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

Stratum
Variance
A 3,497,740 0.8233 4,248,439 15 117 0.059870518
A 5,662,860 0.9120 6,209,276 16 98 0.093630375
A 3,786,940 0.9729 3,892,425 16 39 0.029139095
A 7,398,260 1.2640 5,853,054 14 44 0.070347546
E 39,212,280 0.8718 44,978,527 21 514 0.085388537
Random Totals: 59,558,080 65,181,721 82 812
CATG D1 EXCEPTION VALUES: 8,941,620 8,183,149
CATG J EXCEPTION VALUES: 211,911 224,104
Total Test Values 68,711,611 73,588,974

Margin of Error

Margin of Error Percent: 7.7795656
Margin of Error Value: 5,724,903

Confidence Interval Values(5)

Local Test Value: 68,711,611 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 67,864,071 (State Test Value minus Margin of Error Percent)
State Upper Limit: 79,313,877 (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