What does the Stratified Coefficient of Deviation analyze?

The Stratified Coefficient of Deviation analyzes assessment uniformity within each specific property class. This statistical measure is valuable in evaluating how consistently properties within the same class are assessed compared to their market values. A lower coefficient indicates that properties are assessed more uniformly, while a higher coefficient suggests greater variability in assessments within that specific class.

The focus on specific property classes allows assessors to identify discrepancies and take corrective actions to ensure equity in property tax assessments. This understanding of uniformity is crucial to maintaining fairness in the property tax system, as it helps ensure that similar properties are valued consistently, which is essential for equitable taxation.