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2009-04-08 Board of Equalization Mtg.
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2009-04-08 Board of Equalization Mtg.
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4/10/2009 9:14:41 AM
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City of Centerville <br />The goal of a good assessment is a COD of 10 to 20. A COD under 10 is considered <br />excellent and anything over 20 will mean an assessment review by the Department of <br />Revenue. <br />Price Related Differential (PRD): This statistic measures the equality between the <br />assessment of high and low valued property. A PRD over 100 indicates a regressive <br />assessment, or the lower valued properties are assessed at a greater degree than the <br />higher. A PRD of less than 100 indicates a progressive assessment or the opposite. A <br />perfect PRD of 100 means that both higher and lower valued properties are assessed <br />exactly equal. <br />Current Sales Study Statistics <br />The following statistics are based upon ratios calculated using 2008 pay 2009 market values <br />and October 2007 -September 2008 sales. These are the ratios that our office uses for <br />citywide equalization, checking assessment accuracy, and predicting trends in the market. <br />Statistic 2008 <br />Median Ratio: 94.8 <br />Aggregate Ratio: 94.9 <br />Mean Ratio: 94.4 <br />COD: 6.1 <br />PRD: 100 <br />2008 Anoka County Ratio Study <br />Municipality Sales Median Ratio Coefficient <br />County of Anoka 1865 94.3 6.9 <br />Centerville 34 94.8 6.1 <br />Columbus 26 94.7 7.2 <br />Blaine 325 94.8 5.7 <br />Circle Pines 32 94.1 7.1 <br />Lino Lakes 107 93.8 6.6 <br />Lexington 5 94.5 6.0 <br />Fridley 160 94.4 8.0 <br />Ham Lake 77 94.4 8.0 <br />Linwood 20 93.8 8.1 <br />Spring Lake Park 42 94.8 6.7 <br />74 <br />
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