Or. Admin. R. 150-309-0240 - Contents of the Assessor's Certified Ratio Study
The Assessor's Certified Ratio Study shall be prepared in accordance with OAR 150-309.200-(C), completed according to instructions provided by the Department of Revenue, and consist of the following items:
(1) Table of Contents.
(2) Certification of assessor's
ratio study and adjustment program.
(3) Analysis of valuation methods and
procedures.
(4) Introduction
(purpose of report, format of the report, etc.).
(5) Reconciliation of real market value
forecast analysis.
(6) Time trend
analysis.
(7) County map showing
appraisal areas.
(8) Listing of
property class codes and descriptions. If the county has not yet converted to
basic property class codes, as required by OAR 150-308.215(1), provide a cross
reference listing.
(9) Ratio
computations, conclusions and identification of each study area whether an
adjustment will be made or not, with supporting data in conformance with the
current edition of the Assessor's Ratio Procedures Manual:
(a) Pertinent sales listings and supplemental
studies.
(b) Computations of
statistical data and conclusion explanations.
(10) Summary of the valuation plan indicating
those areas to be revalued, reappraised, or recalculated.
(11) Summary of adjustments pages for all
planned adjustments to bring all properties to 100% real market value
(including all areas with no planned adjustments).
(12) An after ratio study for areas revalued,
reappraised or recalculated. The after ratio study is a sales to real market
value ratio study that is designed to test whether or not a county's annual
valuation program has produced real market values that meet the statutory
requirement to bring all properties to 100% of real market value.
Notes
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 309.200
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