2006

Assessment Ratios Survey Report
 


Transmittal Letter
  

Report Text  

Table 1  

Table 2  

Table 3  

Table 4  

Table 4B  

Table 5  

Table 6 



 

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Table V

Commercial Ratio Study 2006

  The table below shows statistics on arms-length sales between July 1, 2005 and June 30, 2006 of commercial property in assessment Group 3.  Ratios compare the Department's January 1, 2006, value to the actual sale price.

Ratio statistics are shown for all counties, even where the number of sales is so small that there is not a sufficient sample to provide accurate statistics.  In cases where there are fewer than 10 sales, the ratio statistics are not used to calculate the base (Table I) or evaluate the performance (Table VII).


County
Number
of Sales
Total
Assessed
Values
Total
Sales
Prices
Weighted
Ratio
Average
Ratio
Median
Ratio
Allegany
32
 $4,166,200
 $ 4,647,900
90%
94%
97%
Anne Arundel
68
73,087,500
99,693,431
73%
78%
75%
Baltimore City
119
66,459,900
92,125,782
72%
78%
76%
Baltimore  
91
144,366,900
203,893,834
71%
83%
79%
Calvert
3
 2,358,800
3,709,500
64%
62%
65%
Caroline
9
   1,779,300
2,451,400
73%
75%
77%
Carroll
47
24,064,600
26,228,105
92%
94%
96%
Cecil
19
  8,443,600
9,680,500
87%
96%
93%
Charles
51
  12,916,800
  16,585,273
78%
100%
100%
Dorchester
10
    2,354,300
3,938,100
60%
97%
75%
Frederick
24
  10,010,800
12,405,174
81%
86%
96%
Garrett
13
1,685,800
1,681,306
100%
96%
95%
Harford
37
90,835,600
121,629,298
75%
84%
81%
Howard
111
117,617,400
145,442,625
81%
92%
95%
Kent
13
3,748,600
6,112,585
61%
73%
70%
Montgomery
140
1,104,964,800
1,197,002,500
92%
89%
96%
Prince George's
172
284,443,750
342,265,182
83%
84%
86%
Queen Anne's
28
  8,741,000
10,599,507
82%
81%
77%
St. Mary's
40
54,483,400
81,234,779
67%
87%
88%
Somerset
10
  4,445,600
5,435,498
82%
89%
97%
Talbot
5
1,608,900
2,230,000
72%
76%
85%
Washington
44
18,175,200
21,636,665
84%
88%
98%
Wicomico
48
  12,022,100
20,239,905
59%
64%
69%
Worcester
13
26,951,600
51,769,705
52%
70%
79%
Statewide
1,147
 $2,079,732,450
 $2,482,638,554
84%
85%
89%


State Department of Assessments & Taxation
December 5, 2006