What information is required for the Page 8 ratio calculation?

The correct choice emphasizes the importance of understanding the financial condition of a municipality in relation to property assessment. For the Page 8 ratio calculation, both the current true value and the adjusted true value from the prior year are necessary because they provide a basis for evaluating consistency in property valuation over time. This calculation helps in determining the level of assessment for properties within a municipality in relation to their market value.

The current true value reflects the present-day assessments, while the adjusted true value from the prior year helps in understanding how the municipality’s valuation approach may have changed and whether it aligns with market conditions. This comparison enables tax assessors to ensure equitable taxation and adjust policies if necessary, thus fostering transparency and fairness in property taxation.

Other options, such as total liabilities, mayor's approval rating, or population data, do not directly contribute to the assessment of property values for the purpose of calculating ratios and may pertain to broader financial or governance issues, but they are not integral to this specific calculation.