Sales Codes

Page updated on Oct 26, 2015 at 4:51 PM

SALES CODES 

VERIFIED - valid sales 

A  no disqualifying circumstances
B  purchased by adjacent owner
C  actual consideration differs from deed
E  while related partnership, sale/lease back, etc.- independent appraisal was prepared for value consideration
F  pending verification
G  multi-lot sale
H  land sale
I  condominium sale where the number of parking spaces sold is different than number assessed
LK  like kind exchange

 

VERIFIED - invalid sale 

J  to relative or related business
K  buyer was tenant under lease agreement
L  exchange of properties
M  foreclosure
MB  financial institution or deed in lieu of foreclosure
MS  short sale
N  divorce decree or duress
O  seller assisted financing is major influence
OC  City-assisted financing - affordable 
P  will transferring property - no consideration
Q  miscellaneous (does not fit definition in any other category)
R 

re-recorded deed

 

VERIFIED - invalid sale for sales ratio study 

S  multi-lot sale or assemblage
T  subdivision of original parcel
U  adjacent property owner is purchaser
V  alteration/addition/renovation, or other change in physical condition since last assessed
W  reserved for future use

 

UNABLE TO VERIFY 

X  three efforts made to contact buyer, seller or agent
Y  buyer, seller and agent refused to respond
Z  easements/agreements
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