Description of Qualified Sales

A qualified sale is simply a bona fide transaction between two unrelated parties. It may or may not reflect market value.

Sales are considered unqualified for a number of reasons. Unqualified includes multi-parcel sales, and transactions involving churches or banks. These could all well reflect (or not) market value. The DOR requires disqualification of these sales for audit purposes. Appraisers may disqualify a sale upon learning of extenuating circumstances involving the sale. Many categories used to disqualify sales are simply because they are “suspect” and don’t necessarily reflect market value, i.e. tax deeds.