According to the guidelines for compliance plans, what is a requirement for ordinary neighborhoods?

In the context of compliance plans for ordinary neighborhoods, the requirement that neighborhoods should not be reassessed unless the Coefficient of Dispersion (COD) is over 15% is significant. The COD is a statistical measure used to assess the uniformity of property assessments within a specific area. When the COD exceeds 15%, it indicates a level of inequitability in property assessments, suggesting that significant disparities exist among assessed property values.

By setting this threshold, the guidelines aim to prevent unnecessary reassessments of ordinary neighborhoods that are already in compliance with equitable assessment standards. This approach encourages assessors to focus their resources on neighborhoods that clearly show signs of inequity, thereby ensuring that the assessment process is both efficient and effective. In essence, this requirement helps maintain the integrity of the property tax system by promoting fairness without overburdening neighborhoods that do not need immediate reassessment.