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4 <br />Tale 11: Most recent DOR sales ratio (2016 Sales are through July 31, 2016) <br />Recent Sales Ratio - DOR Study (Random Sample) <br />101.00°x° <br />100.00% <br />100.00% _- 99.33% <br />99.02% <br />99.00% ° <br />98.16% 98.37/° <br />0 98.00% .30% <br />o R" <br />97.00% 96.200 <br />a� <br />f095.50% 95.77% <br />96.00% <br />95.00% <br />9 4 <br />94.00% <br />93.00% <br />2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 <br />Tax Year <br />ANALYSIS <br />While statistics and annual comparisons are important, they must be put into context. This section of <br />the report draws out trends present in the above statistics. <br />1. 2015 sales increased over 2014 in both total sales as well as qualified or arms -length <br />transactions (Table 7 & 8). Since qualified sales are what we base our reappraisal assessments <br />on, this 31% increase has us optimistic that this trend will continue. This would be beneficial <br />because the more sales available in the marketplace, the more accurately any given appraiser <br />can estimate a property's market value. The trend appears to be good for 2016 as well since we <br />currently have 303 qualified sales through July 2016 (Table 2). <br />2. A decreasing sales/assessment ratio indicates that market sales are increasing in value when <br />compared to tax assessments. While tax assessments currently stand at 97.39% of qualified <br />market sales through July, that ratio decreased from 98.62% in 2015 (Table 2). This is an <br />indication that market sales are continuing to increase slightly each year. <br />3. The measure of uniformity, or how tightly -compacted the sales are for residential properties <br />indicates values are relatively stable with a COD of 10.7 (Table 6). Commercial and vacant <br />properties however still remain slightly sporadic with a COD of 25.25 for commercial sales (Table <br />5) and a COD of 37.26 for vacant sales (Table 4). <br />4. Half way through the 2016 sales, the vacant sales ratio has dropped drastically from 98.65% <br />down to 77.78% (Table 4) indicating land values are increasing this year. The PRD has shifted <br />from 1.10 to .94 suggesting that high-value parcels are over appraised which is the opposite of <br />last year's data. The COD has increased indicating a wider spread from the median. <br />11 <br />