What is the process used to find the Median Assessment Ratio?

The Median Assessment Ratio is determined by arranging all assessment ratios in numerical order and then selecting the middle value from that ordered list. This method of finding the median is crucial because it effectively measures the central tendency of the ratios, minimizes the influence of extreme values, and provides a more accurate reflection of the typical assessment as compared to other methods like averaging.

When the ratios are put in order, if there is an odd number of values, the median is simply the middle one. If there is an even number of values, the median is calculated by taking the average of the two middle values. This ensures that the result represents a balanced point of the data set, making it particularly useful in scenarios like assessment ratios where outliers might skew average calculations.

The approach of simply averaging all ratios, calculating differences between extreme values, or summing and dividing all ratios does not isolate the middle point which is the essence of determining a median.