F-2.1, r. 10 - Regulation respecting the median proportion of the real estate assessment roll

Section 15 Disposition versions

2012-09-01

15. For the purposes of determining whether certain admissible sales must, by statistical deletion, be subtracted from the group of sales that may be used for purposes of determining the median proportion, the following operations shall be performed consecutively:

(1)  for each admissible sale, the value of the unit of assessment entered on the roll is divided by the sale price, adjusted, where applicable, in accordance with Subdivision 3, and the quotient thereby obtained must comprise 2 decimals and be transformed into a percentage to constitute a ratio;

(2)  the median ratio is determined among the ratios determined under subparagraph 1;

(3)  for each admissible sale, the ratio determined under subparagraph 1 is subtracted from the median ratio determined under subparagraph 2;

(4)  for each admissible sale, the difference resulting from the subtraction prescribed in subparagraph 3 is squared;

(5)  the squares obtained under subparagraph 4 are added together;

(6)  the sum resulting from the addition prescribed in subparagraph 5 is divided by the number, less 1 of admissible sales, and the quotient thereby obtained must comprise 3 decimals;

(7)  the square root of the quotient resulting from the division prescribed in subparagraph 6 is determined;

(8)  double the square root determined under subparagraph 7 is subtracted from the median ratio determined under subparagraph 2;

(9)  the median ratio determined under subparagraph 2 and double the square root determined under subparagraph 7 are added together.

In the operations prescribed in subparagraphs 3, 8 and 9 of the first paragraph, the numbers representing the ratios referred to therein are used without taking into account the fact that they are percentages; the results of the operations prescribed in subparagraphs 8 and 9 of the first paragraph are, nevertheless, percentages.

M.O. 93-10-20, s. 15.