School and Appraisal Districts' Property Value Study 2003 Final Report



Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:32                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        038-901-038 Childress

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                                                              (1)                         (2)
  (1)                  (1)                        (1)       Stratum         (1)         Sample
Stratum              Category                 Local Value    Ratio      State Value      Size
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  1      A  - Single-family Residences         17,405,193    1.0109      17,217,522       15
  2      A  - Single-family Residences         17,397,870     .9172      18,968,458       14
  3      A  - Single-family Residences         17,397,870     .9981      17,430,989       15
  4      A  - Single-family Residences         17,361,259     .9545      18,188,852       15
  5      D  - Rural Real                       12,683,560     .9804      12,937,128       21
  6      F  - Commercial Real                   4,790,262     .9662       4,957,837        7
  7      F  - Commercial Real                   4,890,983     .7314       6,687,152        6
  8      F  - Commercial Real                   4,899,040     .9973       4,912,303        6
  9      F  - Commercial Real                   4,560,620    1.0413       4,379,737        3
 10      L  - Commercial Personal               2,389,726     .9437       2,532,294        7
 11      L  - Commercial Personal               2,396,220    1.0000       2,396,220        6
 12      L  - Commercial Personal               2,615,711     .9277       2,819,566        5

Random Totals:                                108,788,314               113,428,058      120
 Cat J Exception Values:                       19,927,395                21,222,411
 Cat D1 Exception Values:                      22,897,114                23,905,965
 Other Exception Values:                        4,488,960                 4,592,247
Exception Totals(3):                           47,313,469                49,720,623
Test Values(4):                               156,101,783               163,148,681

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      8,157,434
Confidence Interval Values:
  State Lower Limit:                                      154,991,247  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       156,101,783  (Within Confidence Interval Limits)
  State Upper Limit:                                      171,306,115  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       139,244,066  (See ISD Summary Worksheet)


Sources:

(1) See Stratified Ratio Detail Report VAL7214.
(2) Number of parcels sampled by staff.
(3) Exception value includes, if tested, D1, the J sample, and any parcels in A,B,C,D,F1,G or L1 marked as exception properties.
(4) Unstudied categories and sub-categories were not included in the test values.
(5) Includes local value of unstudied property categories and sub-categories.