taxes Property Tax Assistance

2023 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 7,174,660 1.0297 6,967,719 16 42 0.098584508
E 102,348,360 1.0030 102,042,233 22 412 0.038114509
Random Totals: 109,523,020 109,009,952 38 454
CATG D1 EXCEPTION VALUES: 3,879,470 3,928,083
CATG J EXCEPTION VALUES: 20,782,760 20,895,077
Total Test Values 134,185,250 133,833,112

Margin of Error

Margin of Error Percent: 6.2864308
Margin of Error Value: 8,413,326

Confidence Interval Values(5)

Local Test Value: 134,185,250 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 125,419,786 (State Test Value minus Margin of Error Percent)
State Upper Limit: 142,246,438 (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