61 Pa. Code § 603.1
Current through Register Vol. 54, No. 45, November 9, 2024
The aggregate market value approach is commonly termed sales ratio studies. The purpose is to ascertain the average percentage ratios of masses of assessed valuations to masses of bona fide selling prices or properties transferred. These average assessment-sales ratios are then used to convert aggregate assessments into aggregate market values.
61 Pa. Code § 603.1