taxes Property Tax Assistance

2021 Confidence Interval Detail

Floyd County
077-902/Lockney ISD

Category Summary

(1)
Category 		(1)
Local
Value 		(1)
Stratum
Ratio 		(1)
State
Value 		(2)
Sample
Size 		(3)
Total
Parcels
Stratum
Variance
A 6,763,080 0.9133 7,405,102 11 268 0.084442501
A 6,655,780 0.9203 7,232,185 11 146 0.049024231
A 7,248,000 1.0059 7,205,488 9 97 0.084859062
A 7,891,260 1.0952 7,205,314 9 59 0.014760947
E 12,487,040 0.9285 13,448,616 22 318 0.047795611
Random Totals: 41,045,160 42,496,705 62 888
CATG D1 EXCEPTION VALUES: 19,823,290 17,562,769
CATG J EXCEPTION VALUES: 10,790,136 11,493,409
Total Test Values 71,658,586 71,552,883

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,577,644

Confidence Interval Values(5)

Local Test Value: 71,658,586 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 67,975,239 (State Test Value minus Margin of Error Percent)
State Upper Limit: 75,130,527 (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