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AN ANALYSIS OF THE 1979 IN-DEPTH STUDY IN <br />INDIAN RIVER COUNTY <br />Overview <br />The purpose of this study is to determine certain <br />statistical characteristics of the 1979 Indian River County real <br />property assessment roll by studying a stratified random sample of <br />real property parcels selected largely from the 1978 Indian River <br />County real property assessment roll. The 1978 roll was stratified <br />by use codes and, in some cases, values. Samples were randomly <br />selected from each stratum of sufficient size to yield reliable <br />statistical results. <br />A determination of full just value for each parcel was made in <br />accordance with §193.011, F.S. During this procedure, any parcels <br />encountered which were split from or combined with other parcels <br />during calendar year 1978, were excluded from the study sample. <br />With the publication of the 1979 real property assessment roll, a <br />complete list of split and combination parcels was randomly sampled <br />from to bridge from the 1978 roll to the 1979 roll. <br />Next, the 1979 assessed value for each sample parcel was <br />picked up from the assessment roll in Indian River County. After a <br />careful review process by Department staff in Tallahassee and in <br />the field and by the Indian River County Property Appraiser's <br />staff, final statistics were computed. The results are those after <br />application of the eighth criterion of §193.011, F.S. <br />Stratum <br />02 <br />03 <br />04 <br />05 <br />06 <br />07 <br />ALL <br />S'T'ATISTICAL SUMMARY <br />(79.4-92.3) (76.6-83..8) <br />General <br />Equity Value Rel. <br />as Est./ Equity <br />Coeff. as Est./ <br />-of Var. by P/R/D <br /># Samples 1 Population <br />45.9 <br />L.O.A. <br />L.O.A. <br />as Esta/ <br />as Est./ L.Q.A. <br />Simple <br />Weighted as Est./ <br />Mean <br />Mean Median <br />95% Confidence Intervals <br />91.9% <br />80.7% 88.1% <br />(81.4-102.3) <br />(64.6-96.7) <br />84.4% <br />84.3% 82.1% <br />(79.6-89.2) <br />(76.7-91.9) <br />81.5% <br />74.5% 83.7% <br />(76.5-86.5) <br />(62.7-86.4) <br />91.6% <br />81.2% 79.5% <br />(76.0-107.2) <br />(77.2-85.1) <br />90.2% <br />87.9% 91.3% <br />(84.9-95.5) <br />(81.0-94.7) <br />75.6% <br />72.4% 81.6% <br />(69.7-81.4) <br />(66.0-78.8) <br />85.8% <br />80.2% -- <br />(79.4-92.3) (76.6-83..8) <br />General <br />Equity Value Rel. <br />as Est./ Equity <br />Coeff. as Est./ <br />-of Var. by P/R/D <br /># Samples 1 Population <br />45.9 <br />113.9 <br />63 <br />2,189 <br />.1967 <br />100.2 <br />46 <br />290 <br />35.7 <br />109.4 <br />131 <br />25,378 <br />85.3 <br />112.9 <br />97 <br />18,024 <br />22.6 <br />102.6 <br />56 <br />1,001 <br />28.3 <br />104.4 <br />.51 <br />1,094 <br />38.7 <br />107.0 <br />444 <br />47,976 <br />wK 42 Qac€ 443 <br />