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Class Description:
(7.5-hours of continuing education credit by the Department of Local Government Finance)
Sales ratio analysis is the fundamental tool assessment officials use to measure if their work is complying with the statutes relative to the assessment of property. This course is designed to familiarize students with the basics of a sales ratio analysis. The course begins with an overview of mathematical concepts and procedures that are necessary to perform and understand a sales ratio analysis. Students will learn how to calculate the ratios, apply appropriate statistical procedures to determine the quality of the assessment and to make recommendations to improve the assessment quality. A case study will allow students to pull together all the formulas and techniques that have been discussed throughout the class.
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