taxes Property Tax Assistance

2016 Confidence Interval Detail

165/Midland
165-902/Greenwood ISD

Category Summary

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

Stratum
Variance
A 110,831,870 0.9628 115,114,115 21 724 .018191156
A 112,775,320 0.9397 120,012,046 14 426 .007126838
A 130,598,510 1.0213 127,874,777 26 367 .007637137
A 122,399,770 1.0033 121,997,179 16 229 .013863269
E 70,917,200 0.9629 73,649,600 15 553 .021257883
G1 69,601,400 1.0234 68,009,967 10 123 .016008410
G1 67,724,497 1.0071 67,247,043 8 34 .016490551
G1 76,818,504 0.9639 79,695,512 5 10 .016718878
Random Totals: 761,667,071   773,600,239 115 2,466  
Catg J Exception Values: 5,844,540   6,343,651      
Catg D1 Exception Values: 4,426,170   4,910,418      
Catg G1 Exception Values: 60,356,175   59,445,462      
Total Test Values (4): 832,293,956   844,299,770      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 42,214,988

Confidence Interval Values (5)

State Lower Limit: 802,084,782 (State Test Value minus Margin of Error Percent)
Local Test Value: 832,293,956 (Within Confidence Interval)
State Upper Limit: 886,514,758 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 1,291,375,828 (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