taxes Property Tax Assistance

2021 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 1,282,090 0.9554 1,341,941 8 24 0.065741848
A 635,720 1.0728 592,580 6 8 0.025434647
A 1,514,280 0.9541 1,587,129 6 14 0.019841293
A 1,907,000 1.0840 1,759,225 4 10 0.019021196
E 60,011,550 0.8944 67,096,992 25 367 0.151523672
Random Totals: 65,350,640 72,377,867 49 423
CATG D1 EXCEPTION VALUES: 5,166,370 3,691,639
CATG J EXCEPTION VALUES: 20,114,070 21,114,056
Total Test Values 90,631,080 97,183,562

Margin of Error

Margin of Error Percent: 10.4607684
Margin of Error Value: 10,166,147

Confidence Interval Values(5)

Local Test Value: 90,631,080 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 87,017,415 (State Test Value minus Margin of Error Percent)
State Upper Limit: 107,349,709 (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