taxes Property Tax Assistance

2016 Confidence Interval Detail

140/Lamb
140-905/Olton ISD

Category Summary

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

Stratum
Variance
A 6,887,750 0.8103 8,500,247 15 308 .064113120
A 7,203,700 0.9123 7,896,196 15 153 .018787456
A 7,677,250 0.9640 7,963,952 14 98 .014654719
A 8,328,080 1.0089 8,254,614 13 53 .012428396
E 17,296,380 0.7165 24,140,098 20 374 .086446574
L1 1,431,630 1.0034 1,426,779 7 22 .001049192
L1 1,865,690 1.0022 1,861,594 4 8 .001249386
L1 2,182,270 0.9516 2,293,264 2 4 .003403021
Random Totals: 52,872,750   62,336,744 90 1,020  
Catg D1 Exception Values: 31,492,533   33,381,462      
Catg L1 Exception Values: 1,018,840   1,056,953      
Total Test Values (4): 85,384,123   96,775,159      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 4,838,757

Confidence Interval Values (5)

Local Test Value: 85,384,123 (Outside Confidence Interval)
State Lower Limit: 91,936,402 (State Test Value minus Margin of Error Percent)
State Upper Limit: 101,613,916 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 118,513,320 (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