Sales Assessment Ratio

Definition of "Sales-assessment ratio"

John Stivey  Realtor, <br><b>G.R.I. - P.S.A.</b>
  Station Square Realty

Selling price of a property divided by its appraisal value. If real estate has a selling price of $400,000 but its assessed value is 4380,000, the ratio is 1.053.

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