Quarterly Report Sample - Potential Contradictions
The Sales with Potential Contradictions report shows a list of sales where:
- Assessment equals Sale Price
- The transfer of property is potentially between relatives. Potential relative sales are identified via a computer
search, based on similar entries in the buyer and seller name fields. If the data is accurate
(i.e., AV and Sale Price are really equal or parties to the transfer are not related) then, no
response or correction is necessary.
Sales on this report have not been excluded by ORPTS and require local review to determine if any of these sales
need correcting. If so, please send corrections to ORPTS (indicate relative sale or correct Sale Price or Assessment).
For more information about specific items on the form, scroll to the bottom of the page to read information about each item.
|The County, Town and SWIS Code uniquely identify the location in New York State for the data on the report.|
|Sales with Potential Contradictions
Identification of the sales listed on this report have been made via a computer search on the buyer and seller names and AV and Sale Price fields.
|The Sales with Potential Contradictions report will display the sale date range selected. The sample report reflects sales from April through June 2001.|
|Page 4 of 4 indicates that the currently displayed page is page number 4 of a total of four pages. This last page of the report provides summary information for the entire report at the bottom of the page.|
Sale Date and Date Deed Recorded
Date Deed Recorded = date the deed was recorded with the County Clerk (item C2 of RP-5217) and is labeled 'Deed Date' on the RPS sale update screen.
The Book/Page is the information (Liber/Page) from the deed. This data is a unique identifier used to match the local corrections (RPS and paper) to the ORPTS database. If this information is not correct two problems arise:
The Parcel ID is the S-B-L or the Roll ID unique to each parcel within a municipality.
This is the Total Assessed Value based on the latest final assessment roll at the time of sale.
The sale price represents the Full Sale Price minus Personal property. Full Sale Price is used by ORPTS in RAR, COD, and Equalization Rate calculations.
The ratio of Assessed Value (AV) to Sale Price (SP). The assessed value and sale price values used are
displayed in the column directly to the left of the AV/SP Ratio. A ratio close to 100 means that the two numbers are close to each other.
|Reason for Exclusion
The reason for exclusion field describes why the 'keyword' edit program located a potential contradiction. Sales on this report have not been excluded by ORPTS and require local review to determine if any of these sales need correcting. If so, please send corrections to ORPTS (indicate relative sale or correct Sale Price or Assessment). Examples include: Assessment equals Sale Price, Sale Between Relatives.