Table VI

Department’s Values Compared to Property Sale Prices

The data in the chart below shows the distribution of 36,427 arms-length sales of improved residential and condominium properties in Group 1 with sales dates between July 1, 2003 and June 30, 2004. Ratios compare the Department’s January 1, 2004, value to the actual sale price. 103 sales with ratios below 40% or over 160% are excluded from this chart.