Sales data is needed for the valuation process and for sales ratio studies. The reliability of any valuation model or sales ratio study depends on the quality and quantity of its data. It is the assessors’ responsibility to validate sales in the community. Sales data should be collected and analyzed to obtain valid indicators of market value. By completing the Real Estate Sales Questionnaire, you are assisting in providing essential information to determine the market trends within the community.
You may find the “Guide For Property Owners” to be a useful tool. This is published by the Wisconsin Department of Revenue and is available below:
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