Document Date
Meeting Description
Document Type
Meeting Date
Page Number
26
Measurements of Equity
Assessment Ratio
The relationship of an assessed value to its sale
price. For example, if the assessed value of a piece
of real estate is $200,000 and it sold for $250,000,
the assessment ratio would be 0.80 or 80%.
Median Ratio
The middle ratio in a sorted (low to high) array of
sales ratios. Half of the ratios are above the
median and half are below the median. The
median ratio is the most widely used measurement
as it is less influenced by outliers.
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