taxes Property Tax Assistance

2023 Confidence Interval Detail

Erath County
018-906/Iredell ISD

Category Summary

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

Stratum
Variance
A 19,452,530 1.1560 16,827,448 7 29 0.001455946
E 15,952,450 1.0185 15,662,690 19 58 0.051443166
Random Totals: 35,404,980 32,490,138 26 87
CATG D1 EXCEPTION VALUES: 1,067,570 1,096,426
CATG F1 EXCEPTION VALUES: 12,453,500 13,584,273
CATG J EXCEPTION VALUES: 461,500 464,154
Total Test Values 49,387,550 47,634,991

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 2,381,750

Confidence Interval Values(5)

Local Test Value: 49,387,550 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 45,253,241 (State Test Value minus Margin of Error Percent)
State Upper Limit: 50,016,741 (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