An acceptable range of compliance for the PRD is which of the following?

The acceptable range of compliance for the Price-Related Differential (PRD) is typically set to ensure that there is fairness in the assessment of property values across different market segments. The PRD is a measure used to determine whether property assessments are consistent with market values and whether there is a bias against certain types of properties.

The range of 0.95 to 1.10 is recognized as a standard benchmark in appraisal practices. This signifies that the assessments are generally considered equitable if the assessed values of properties at the lower end of the market are closely aligned with those at the higher end, falling within this range. It indicates that properties are being assessed neither too high nor too low in relation to each other, maintaining a fair property tax system.

This range helps to identify any significant disparities in property assessments that might indicate inequity, prompting further analysis or adjustment if necessary. Thus, the choice of 0.95 to 1.10 accurately reflects an acceptable balance in assessing property values, ensuring compliance with appraisal standards.