In property assessments, what does stratification help to achieve?

Stratification in property assessments is a method used to group properties into categories or segments based on specific characteristics, such as property type, location, or market conditions. This process allows assessors to analyze data more effectively and apply appropriate valuation models tailored to each category. By stratifying properties, assessors can identify trends and variations within each group, leading to more precise and nuanced property valuations.

Accurate valuations are essential for ensuring fairness and equity in property tax assessments. When properties are evaluated in consideration of their specific attributes and market relationships, the resulting assessments tend to reflect their true market value more closely. This improved precision helps maintain the integrity of the assessment process and ensures taxpayers pay a fair share of property taxes based on accurate valuations.

While other options may contribute to the overall effectiveness of the assessment process, the primary purpose of stratification is centered around enhancing the accuracy of property valuations.