Calculate the county's Price Related Differential (PRD), which is a measure of the progressivity of the property tax. The PRD is calculated by dividing the mean assessment ratio (calculated in #1 above) by the aggregate assessment ratio, which is calculated by dividing the sum of all assessed values by the sum of all market values. A PRD of 1.0 indicates no assessment bias according to value. A PRD greater than 1.0 suggests that higher value properties are under assessed relative to lower.

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To calculate the Price Related Differential PRD for a countys property tax youll need to follow these steps 1 Calculate the mean assessment ratio Divi... View the full answer