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Board Assessors Meeting Page <br /> [update on Progress of [Upcoming Revaluation continued <br /> David Bailey informed The Board that one of the problems <br /> they were having, as he - had explained to vice Chairman Greig <br /> earlier today, is as follows : <br /> The price quartile, which is when we split the sales <br /> into four equal size groups . The first group of sales, <br /> which is from 0 to approximately $90,000 , has an <br /> assessment sales ratio of about 101% . . . the average <br /> ASR is about 4 - 9 The last ratio is about . <br /> We have one about high and one about to low. This <br /> will not be acceptable and must change. <br /> We are still at the stage of tables changes we <br /> are still looking for "big picturstuff" . We pretty <br /> much finished on Friday looking at building styles, <br /> locations , lot sizes . . . . all the big elements that <br /> stand out. Now we will start making neighborhood <br /> changes modifying them. <br /> We are noir looking for systemic changes . We slid <br /> determine that a building size problem at the low end <br /> of the market does not exist. We checked the first <br /> quartile by the size of the buildings , and they were <br /> fine. When we printed out buildings by size, which <br /> showed there needs to be a little chance at the high <br /> end nothing major. Our findings show .that there <br /> needs to be a change at the low end. <br /> Vice Chairman Greig informed that he was looking at <br /> printouts this afternoon- he was surprised at some of the New <br /> eabury printouts . In many cases , the sales price exceeds the <br /> assessment price them there are about two or three that are <br /> just the reverse, which he cannot understand. David Bailey <br /> explained that this is why more time must be spent out in the <br /> field before systemic changes are made. A number of those <br /> properties that are back ratios are unique locations and will have <br /> to be addressed. Lengthy discussion followed relative to <br /> properties with gorgeous views but which have low sales prices; <br /> also, sales which came -in quite high because of "one of a kind" <br /> locations . <br /> David Bailey informed that Punkhorn Point poses a problem <br /> because of the two high sales which far exceed the assessed <br /> values . More discussion followed. <br />