What are the specified standards for the coefficient of dispersion in Georgia for non-residential properties?

The specified standards for the coefficient of dispersion (COD) are crucial in assessing the accuracy of property appraisals, especially for non-residential properties in Georgia. A coefficient of dispersion of 0 to .20 is considered the acceptable range, indicating that the appraisals are consistently close to the market values. This low range suggests a high level of uniformity and precision in the assessments, which is essential for ensuring fair taxation and maintaining equity among property owners.

Having a COD within this range means that the assessed values do not deviate significantly from the actual sale prices, reflecting a reliable appraisal process and ensuring that similar properties are assessed similarly. This standard is instrumental for appraisers to evaluate their work and make adjustments to improve accuracy.

Other options present wider ranges that would indicate less precision in property assessments, which does not align with the standards set for non-residential properties in Georgia.