New MCAST Tool Released
Minnesota Department of Revenue released a new version (2.0) of their Market Condition and Assessment Tool (MCAST) to assessors. MCAST is a tool created by the Department of Revenue to use when setting assessment levels. It provides information on time trends, median ratios, and other assessment statistics such as the coefficient of dispersion, price related differential and price related bias. Assessors are required to use this tool when submitting their sales data to the Department of Revenue.
Due to some forward thinking of LOGIS development staff to make the interface into MCAST dynamic, no programming changes were needed for the new version of MCAST. After some testing and one minor change to the MCAST graphing feature, it was released to the assessors to use.
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Category: Property Data