taxes Property Tax Assistance

2016 Confidence Interval Detail

037/Cherokee
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 3,199,480 1.0087 3,171,885 9 132 .038339300
A 3,741,450 1.0570 3,539,688 9 82 .015373275
A 3,906,890 0.9949 3,926,917 9 57 .021680769
A 5,662,810 0.9613 5,890,783 8 51 .011486996
E 24,496,140 1.0362 23,640,359 20 511 .008370164
Random Totals: 41,006,770   40,169,632 55 833  
Catg J Exception Values: 13,460,679   15,634,440      
Catg D1 Exception Values: 3,153,528   3,216,742      
Total Test Values (4): 57,620,977   59,020,814      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 2,951,040

Confidence Interval Values (5)

State Lower Limit: 56,069,774 (State Test Value minus Margin of Error Percent)
Local Test Value: 57,620,977 (Within Confidence Interval)
State Upper Limit: 61,971,854 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 64,400,485 (See ISD Summary Worksheet)

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, D3, F1, G1, G2, or L1 marked as exception properties
(5) Unstudied categories and sub-categories were not included in the Confidence Interval Values
(6) Includes local value of unstudied property categories and sub-categories