BC IAAO will host the recorded Institute of Municipal Assessors (IMA) Statistical Quality Measures Explained webinar. Accuracy of assessed values in relation to the reality of markets as expressed by arm’s length sales requires several statistical testing tools. Assessment to Sales Ratios is only one of many tests that must be run in order to test for accuracy of value predictions, horizontal equity, vertical equity, consistency of treatment between groupings of properties.

This webinar will explain and illustrate these several statistical tools and their use by modelers to gain a better understanding of the predicted values’ quality in relation to market transactions.