When uniformity is good but the level is low, can the values still be trended?

When uniformity in property values exists but the overall level of those values is low, it is indeed possible to trend the values. Trending refers to the process of adjusting property values in response to changing market conditions or other factors over time. When the uniformity of values is good, it indicates that properties are assessed consistently within the defined market. This consistency allows for reliable comparisons and adjustments across similar properties, despite the fact that the overall level may be low.

In a trending scenario, assessors can apply general market trends to uplift the values uniformly, ensuring that they remain reflective of the overall market conditions. This approach can also help to correct any discrepancies that may arise from external economic influences, maintaining the fairness and equity of the assessments. The existence of uniformity provides a solid foundation for trending, making it a beneficial approach to achieving more accurate and equitable valuations, even when the base level of those values is not ideal.

Other options suggest limitations or conditions on the ability to trend values, which, while they may apply in specific contexts, do not negate the fundamental principle that uniformity allows for effective trending of property values.