taxes Property Tax Assistance

2023 Confidence Interval Detail

Cherokee County
037-908/New Summerfield ISD

Category Summary

(1)
Category 		(1)
Local
Value 		(1)
Stratum
Ratio 		(1)
State
Value 		(2)
Sample
Size 		(3)
Total
Parcels
Stratum
Variance
A 7,092,700 0.7564 9,376,917 12 133 0.335931378
A 9,081,210 0.9962 9,115,850 13 88 0.061189185
A 10,303,833 0.9510 10,834,735 15 64 0.025503292
A 14,685,110 0.9179 15,998,595 14 51 0.030022064
E 53,778,700 1.1408 47,141,217 20 483 0.100943332
L1 3,654,930 0.9029 4,047,990 10 49 0.018648142
Random Totals: 98,596,483 96,515,304 84 868
CATG D1 EXCEPTION VALUES: 2,885,579 2,615,134
CATG J EXCEPTION VALUES: 203,658 212,124
CATG L1 EXCEPTION VALUES: 2,161,400 2,161,400
Total Test Values 103,847,120 101,503,962

Margin of Error

Margin of Error Percent: 7.3094146
Margin of Error Value: 7,419,345

Confidence Interval Values(5)

Local Test Value: 103,847,120 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 94,084,617 (State Test Value minus Margin of Error Percent)
State Upper Limit: 108,923,307 (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