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Improved Residential Each of our townships had sufficient number of sales to support their own ratio study. <br />Liberty, Lincoln, Madison and Union, no trending was indicated. Portage Township had high investment (rentals) sales, <br />flips and rehab sales which were reviewed and removed from the ratio study. While most were invalidated, those that <br />truly reflected the market in high foreclosure areas were used in this study to determine the decline in property values. <br />Vacant Residential: Due to insufficient sales of residential vacant, five townships Centre, Clay, German, Harris <br />and Olive were combined. Warren had four sales, not enough to analyze data. Greene, Liberty, Lincoln, Madison and <br />Union had no sales to analyze. Upon reviewing and analyzing Penn & Portage, it was determined no factor is warranted. <br />Improved Commercial: Due to insufficient sales of commercial property in many townships, the study was <br />conducted on a county -wide basis by Property Class. All sales were reviewed by an independent commercial property <br />appraiser for validity. Upon further review and analysis of economic trends and conditions it was determined that no <br />factor is warranted. The results of the Combined Study by Property Class Code are shown. <br />Vacant Commercial: Not enough sales county-wide to analyze data <br />Improved Industrial: Five townships had valid sales in the Improved Industrial category. Sales were combined <br />Penn, Harris, Lincoln, Portage and German Townships for the Industrial Class Codes 340, 350. For the Property Class <br />codes 346, 360, 370 and 399 there was not enough sales to analyze. The results of the Combined Study by Property <br />Class Code are shown. <br />Vacant Industrial: Not enough sales county-wide to analyze data. <br />Please review the attached ratio study, workbook, and sales not used files for St. Joseph County. Notify me <br />should you find any discrepancies or issues of non - compliance. <br />Thank you. <br />Respectfully submitted, <br />Arcelia Dorado <br />Manager, Compliance Division <br />Office of St. Joseph County Assessor <br />Rosemary R Mandrici <br />227 W. Jefferson Blvd. <br />South Bend, IN 46601 <br />(574)235 -9523 <br />(574)245 -6642 <br />