Table VI

Department’s Values Compared to Property Sale Prices

The data in the chart below shows the distribution of 34,979 arms-length sales of improved residential and condominium properties in Group 3 with sales dates between July 1, 2002 and June 30, 2003.  Ratios compare the Department’s January 1, 2003, value to the actual sale price.  169 sales with ratios below 40% or over 160% are excluded from this chart.