What aspect of uniformity does the coefficient of dispersion (COD) measure?

The coefficient of dispersion (COD) is a statistical measure used to assess the level of uniformity or consistency in property assessments within a given area. It specifically quantifies the extent to which assessed values deviate from a central tendency, typically the median. A lower COD indicates that property assessments are closely clustered around the median value, reflecting a high degree of uniformity and consistency in the assessment process.

In the context of property assessment, achieving uniformity is crucial because it ensures fair and equitable taxation and valuation practices. Therefore, the correct answer highlights that COD measures the consistency of assessments, which is vital for maintaining accuracy and fairness in property valuation. The other options do not directly pertain to the statistical analysis of uniformity in property assessments, focusing instead on broader concepts such as value equity or revenue generation, which do not specifically relate to the measurement of assessment consistency.