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Fix ratio figure
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wagnerlmichael committed Mar 20, 2024
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Expand Up @@ -23,7 +23,7 @@ In general, there are four important statistics produced in sales ratio studies,
| **COD** | 5 - 15 | How often properties with the *same* sale price receive the same predicted market value. Lower CODs indicate more fairness between similarly priced properties. |
| **PRD** | .98 - 1.03 | How often properties with *different* sale prices receive the proportionately different predicted market values. Lower PRDs indicate more fairness between low and high-priced properties. |
| **PRB** | -.05 - .05 | PRB is a different approach to measuring fairness across homes with different sale prices. |
| **Median Ratio** | .095 - 1.05 | The median ratio measures whether the most common ratios accurately reflect sale prices. |
| **Median Ratio** | .95 - 1.05 | The median ratio measures whether the most common ratios accurately reflect sale prices. |
| MKI | .95 - 1.05 | Measures the difference in inequality between assessed valuations and sale prices. |
| Sales Chasing (E.4) | $\le$ 5% | Measures the degree to which the statistics above are *true* reflections of the quality of assessments. |

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