What measure reflects the level of assessment for a homogeneous group of properties?

The median ratio is the measure that aptly reflects the level of assessment for a homogeneous group of properties. This is because the median provides a robust indicator of central tendency that minimizes the influence of extreme values or outliers, which can skew the data. In the context of assessing property values, a homogeneous group indicates that the properties are similar in characteristics, such as size, location, and type.

When analyzing such a group, using the median ratio allows appraisers to obtain a clearer picture of the overall assessment level. Since appraisals often deal with various property conditions and market fluctuations, the median helps ensure that the assessment reflects a more typical or representative value rather than being distorted by a few unusually high or low appraisals.

Other measures, such as the average ratio, can be impacted significantly by outliers, leading to possibly misleading conclusions about the level of assessment. Hence, for a homogeneous group of properties, the median ratio is the most effective and reliable measure to use.