Michigan Department of Treaury - PTD
L-4017
2793 (Rev. 5-98)
1998 EQUALIZATION STUDY
SALES RATIO ADJUSTMENTS
Use this form with your assessment/sales ratio study to determine the ratio and true cash value
amounts entered on Analysis for Equalized Valuation (forms L-4018 and L-4023).
County Name
City or Township Name
Class of Property (Ag., Com., Res., etc.)
1996 to 1997 Adjustment Modifier
Enter the assessed valuation after adjustment from the 1997 form L-4023 line ___05
1.
1.
Enter the assessed valuation before adjustment from the 1997 form L-4023 line ___03
2.
2.
1996 to 1997 Adjustment Modifier. Divide line 1 by line 2
3.
3.
1997 to 1998 Adjustment Modifier
Enter the assessed valuation after adjustment from the 1998 form L-4023 line ___05
4.
4.
Enter the assessed valuation before adjustment from the 1998 form L-4023 line ___03
5.
5.
1997 to 1998 Adjustment Modifier. Divide line 4 by line 5
6.
6.
1996 to 1998 Adjustment Modifier. Multiply line 3 by line 6
7.
7.
E.
F.
G.
A.
B.
C.
D.
Unadjusted
Applicable
Adjusted
Year of
Number of
Total Assessed
Total Prices
Ratio %
Adjustment
Ratio %
(col. C ÷ col. D)
Assessment
Sales
Valuation for Sales
for Sales
Modifier
(col.E x col. F)
amount from line 7
1996
amount from line 6
1997
Total of Adjusted Ratios. Add column G
÷ 2
Divide by 2
Average Adjusted Ratio
1996 March Board of Review valuations are compared with sales transacted during
the last nine months of 1996 and those transacted in the first three months of 1997.
1997 March Board of Review valuations are compared with sales transacted during
the last nine months of 1997 and those transacted in the first three months of 1998.