What document is used to compare property assessments to actual sale prices?

The correct choice, the Sales Ratio Form, is specifically designed to evaluate how property assessments align with actual sale prices. This document is essential for assessing the fairness and accuracy of property valuations within a municipality. By comparing assessed values to the selling prices of similar properties, the Sales Ratio Form helps in identifying trends, discrepancies, and potential areas for adjustment in property assessments.

The Sales Ratio Form is utilized in a systematic way to gather data that can influence tax rates, ensure equitable taxation, and maintain the integrity of the assessment process. This information is critical for municipal assessors who need to confirm that properties are being valued consistently and fairly, adhering to state guidelines.

Other options, while related to property assessments and market evaluations, do not serve the specific purpose of comparing assessed values directly to sale prices. For instance, an Assessment Comparison Report might summarize various comparisons, but it doesn't focus solely on the sales ratio as a measure of assessment accuracy. The Property Valuation Form typically details specific property characteristics but does not compare those characteristics to market performance directly. Similarly, the Market Analysis Sheet provides broader insights into market conditions rather than the specific assessment-to-sale price relationship. Thus, the Sales Ratio Form stands out as the essential tool for this specific comparative analysis.