taxes Property Tax Assistance

2016 Confidence Interval Detail

161/McLennan
018-904/Valley Mills ISD

Category Summary

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

Stratum
Variance
A 4,747,750 1.0128 4,687,747 8 45 .015392804
A 5,591,073 0.8499 6,578,507 8 37 .040525289
A 5,644,450 1.0257 5,503,022 7 30 .008036627
A 7,479,048 0.8983 8,325,780 7 29 .016245702
E 23,984,204 0.9204 26,058,457 14 198 .079172641
Random Totals: 47,446,525   51,153,513 44 339  
Catg J Exception Values: 4,601,601   4,389,000      
Catg D1 Exception Values: 1,813,140   1,311,352      
Total Test Values (4): 53,861,266   56,853,865      

Margin of Error

Margin of Error Percent: 7.0382867
Margin of Error Value: 4,001,538

Confidence Interval Values (5)

State Lower Limit: 52,852,327 (State Test Value minus Margin of Error Percent)
Local Test Value: 53,861,266 (Within Confidence Interval)
State Upper Limit: 60,855,403 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 50,410,166 (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