Using Ratio Statistics to Aid Property Value Assessment

The county clerk's office needs to track property values in order to fairly assess property taxes throughout the county. Part of the challenge is that resources for keeping up-to-date appraisals are limited, so it's important to be aware of different home appreciation rates in different neighborhoods.

Information on home sales and appraisals is collected in property_assess.sav. See the topic Sample Files for more information. Use the Ratio Statistics procedure to assess the change in property values since the last appraisal across five townships in the county.

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