taxes Property Tax Assistance

2023 Confidence Interval Detail

Fannin County
074-907/Honey Grove ISD

Category Summary

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

Stratum
Variance
A 32,442,980 0.8976 36,144,140 12 397 0.047723932
A 34,972,485 0.9968 35,084,756 12 236 0.022802772
A 43,243,740 0.9976 43,347,775 16 194 0.012438158
A 58,318,169 1.0091 57,792,259 13 151 0.011149206
E 180,387,806 1.0530 171,308,458 20 795 0.017634161
F1 7,526,150 0.9227 8,156,660 12 76 0.004179570
F1 7,389,860 1.0058 7,347,246 11 18 0.001517453
F1 6,578,920 1.0079 6,527,354 5 7 0.000659779
F1 7,415,580 0.9101 8,148,133 3 4 0.067850155
Random Totals: 378,275,690 373,856,781 104 1,878
CATG D1 EXCEPTION VALUES: 14,211,260 13,962,831
CATG J EXCEPTION VALUES: 9,939,970 9,358,036
Total Test Values 402,426,920 397,177,648

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 19,858,882

Confidence Interval Values(5)

Local Test Value: 402,426,920 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 377,318,766 (State Test Value minus Margin of Error Percent)
State Upper Limit: 417,036,530 (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