ALLABCDEFGHIJKLMNOPQRSTUVWXYZ« Back to Glossary IndexThe common, or overall, ratio of appraised values to market values. Three concepts are usually of interest: the level required by law, the true or actual level, and the computed level, based on a ratio study.Related Articles:Glossary: Appraisal RatioGlossary: Level of Assessment; Assessment Ratio« Back to Glossary Index