What study is conducted to measure and evaluate the accuracy and uniformity of new values?

The term "Ratio Study" refers to the process of examining a set of property assessments to determine the accuracy and uniformity of the assessed values in relation to their market values. This study typically involves comparing assessed values to sale prices, allowing assessors to gauge how close their assessments are to actual market transactions. By calculating the ratios of assessed values to sale prices, it is possible to identify trends in assessment accuracy and uniformity, and make necessary adjustments to improve assessment practices.

In contrast, a Final Ratio Study focuses specifically on the outcomes after all adjustments have been made, making it less suitable for ongoing evaluation. A Frequency Study looks at how often certain value ranges occur but does not provide insights into the accuracy or fairness of those values. Value Assessment refers more broadly to the process of determining the value of properties rather than the specific analysis of accuracy and uniformity that a Ratio Study entails.

Thus, the Ratio Study is the most appropriate method for measuring and assessing the accuracy and uniformity of new property values.