What assessment level percentage range is presumed to meet the measure of central tendency for a class of homogeneous properties?

The assessment level percentage range that is presumed to meet the measure of central tendency for a class of homogeneous properties is usually established based on statistical principles related to property valuation and assessment practices. The correct choice indicates a range that aligns with a common understanding in property assessment whereby properties are considered similar enough to allow for a predictable reflection of value trends.

When assessing homogeneous properties, it is important to ensure that the values reflected in assessments are representative of the market. The chosen range typically represents a balance where the assessed values are close to the actual market values, thereby providing insight into the typical market behavior of those properties.

This specific range is viewed as providing an adequate measure of central tendency, which facilitates fair and equitable assessments within a class of properties that share similar characteristics. The implication is that values falling within this range indicate a reasonable alignment with general market trends, thus supporting accurate and fair taxation.

The other ranges offered do not align as closely with the accepted practices for what constitutes a central tendency measure in property assessment, often suggesting either overly broad or narrow ranges that may not effectively capture the nuances of value for homogeneous property classes.