The adjusted sales price is an attempt to adjust the selling price of a property to match the characteristics of your property. Since no two parcels are identical, the appraisers analyze a large number of sales to find patterns. They are then able to assign dollar amounts to the major differences and adjust actual selling prices for the differences.
For example: Assume your house is identical to the neighbor's house, except your neighbor has an attached garage and yours does not. Let's say the sales in your area indicate that an attached garage adds $5,000 to the selling price. If your neighbor's house sold recently for $125,000, your home would be worth $120,000 dollars. This amount reflects the indicated market value as compared to one sale. We typically compare your home to five sales.