Which of the following indicates a higher degree of assessment uniformity?

A lower Coefficient of Dispersion (COD) value indicates a higher degree of assessment uniformity. The COD measures the extent to which assessment ratios vary around the median ratio. When the COD is lower, it suggests that the ratios are more closely clustered around the median, reflecting a consistent and uniform assessment practice across properties in a given area.

Uniformity in property assessments is crucial for fairness and equity in taxation, as it ensures that similar properties are assessed similarly. Therefore, a lower COD demonstrates that a jurisdiction is effectively applying its assessment standards, leading to more equitable treatment of property owners.

In contrast, a higher COD value would indicate greater variability and inconsistency in assessments, signaling potential inequities. Median assessment ratios provide a central measure but do not directly indicate uniformity, and a higher Price Ratio Deviation (PRD) reflects greater diversity in ratios rather than uniformity.