I hope you found this helpful....Have a great safe New Years!
Since property tax based on township's professional appraisal, it is pretty fair and accurate, and listing prices are based on listing agent's market analysis, they are also independent and professional. So that P/T ratio tells you alot.
So, if you are a buyer, looking for great deal, you want to find the smallest P/T ratio property. It often reveal the property owner is under very weak energy level, Chinese Feng Suei wise, and could not defend the home value from the listing agent. (yes, listing agent is often the first person to slash your price...) So, with P/T ratio, you, as a buyer, can uncover the steal immediately.
So, if you do systemmetic P/T ratio calculation, you will find many realtors are big slashers; they seem to sell better by able to slashing more. On the other hand, if you are seller, you want to compare the P/T ratio of general and that of the agents you interview. Ask them to provide their listing for past 12 months, and you can calculate their P/T ratio to tell if they shall slash you a lot.