Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
A sales ratio is the result of a division. The numerator is the assessor’s estimated market value of a sale property, and the denominator is its cash equivalent sale price. For example, if a property sells for $100,000 cash and it is assessed at $85,000, the ratio of assessment to selling price is .850 or 85.0%.
