taxes Property Tax Assistance

2016 Confidence Interval Detail

161/McLennan
161-907/Lorena ISD

Category Summary

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

Stratum
Variance
A 70,966,904 0.9317 76,169,265 24 596 .022906270
A 91,821,772 0.9305 98,680,034 36 557 .016639501
A 84,173,951 0.9008 93,443,551 24 360 .011909319
A 91,427,439 0.9435 96,902,426 23 259 .010095680
E 83,540,999 0.9892 84,453,092 13 563 .013357621
L1 8,256,820 1.0771 7,665,788 8 33 .010938558
L1 7,332,480 1.0903 6,725,195 3 3 .019917634
L1 24,568,660 1.2771 19,237,851 2 3 .032009851
Random Totals: 462,089,025   483,277,202 133 2,374  
Catg D1 Exception Values: 3,736,833   3,266,107      
Total Test Values (4): 465,825,858   486,543,309      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 24,327,165

Confidence Interval Values (5)

State Lower Limit: 462,216,144 (State Test Value minus Margin of Error Percent)
Local Test Value: 465,825,858 (Within Confidence Interval)
State Upper Limit: 510,870,474 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 437,103,825 (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