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04/05/2010 Council Packet
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04/05/2010 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
04/05/2010
Council Meeting Type
Work Session Regular
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Anoka County City of Lino Lakes <br />95% to give us a margin to account for a fluctuating market and still maintain ratios <br />within state mandated guidelines. Also referred to as the Weighted Mean. <br />Mean Ratio: The mean is the average ratio. We use this ratio not only to watch our <br />assessment level, but also to analyze property values by development, type of <br />dwelling and value range. These studies enable us to track market trends in <br />neighborhoods, popular housing types and classes of property. <br />Coefficient of Dispersion (COD): The COD measures the accuracy of the assessment. <br />It is possible to have a median ratio of 93% with 300 sales, two ratios at 93 %, 149 at <br />80% and 149 at 103 %. Although this is an excellent median ratio, there is obviously a <br />great inequality in the assessment. The COD indicates the spread of the ratios from <br />the mean or median ratio. <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. <br />A perfect PRD of 100 means that both higher and lower valued properties are <br />assessed exactly equal. <br />Current Sales Study Statistics <br />The following statistics are based upon ratios calculated using 2010 pay 2011 market <br />values and October 2008 thru September 2009 sales. These are the ratios that our office <br />uses for countywide equalization, checking assessment accuracy, and predicting trends in <br />the market. <br />2010 Anoka County <br />Residential Sales Ratio <br />Statistics <br />Median Ratio 95.3 <br />Aggregate Ratio 95.2 <br />Mean Ratio 96.8 <br />Coefficient of Dispersion on Median 8.2 <br />Price Related Differential 102 <br />18 <br />
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