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d Ratio Study Results <br />Very Property Is Appraised <br />at Market Value? <br />Ratio studies are statistical tests providing <br />indications about whether properties generally, <br />or in certain groups or categories, are at market <br />value and are equitably assessed in relation to <br />market value. <br />o It is not necessary or expected for every ratio to <br />be near 100% or even within a given range such <br />as 90% to 110 %. <br />_eve i vs. Uniformity <br />xamp <br />Sale <br />Number <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />Totals: <br />Assessed <br />Value <br />Sales <br />Price <br />Ratio <br />$10,000 <br />$ 25,000 <br />40.00% <br />30,000 <br />50,000 <br />60.00% <br />22,500 <br />30,000 <br />75.00% <br />60,000 <br />60,000 <br />100.00% <br />37,500 <br />30,000 <br />125.00% <br />70,000 <br />50,000 <br />140.00% <br />40,000 <br />25,000 160.00% <br />270,000 <br />Mean = <br />Median = <br />Sales Wtd. Mean = <br />Geometric Mean = <br />Good level, but <br />poor <br />uniformity! <br />270,000 700.00% <br />100.00% Measures of <br />Assessment <br />Level <br />100.00% <br />100.00% <br />(COD) Coefficient of Dispersion = <br />90.98% <br />35.71% <br />(COV) Coefficient of Variation = <br />44.06% <br />Measures <br />Of <br />Uniformity <br />Although all of the level measurements indicate that market Nalue has been achieved on an overall <br />basis, significant variation is present and will prevent many taxpayers from being taxed equitably'. <br />