Orange County NC Website
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7 <br /> •118 no shows <br /> *These amounts are approximate. <br /> North Carolina Property Tax Commission Appeals <br /> The Board of Equalization and Review mailed decision notices periodically during 2009 and in <br /> these notices appellants were further informed of their rights to appeal further to the North <br /> Carolina Property Tax Commission. <br /> •There are currently 201 properties under appeal to the Property Tax Commission. <br /> Sales Ratio Analysis <br /> To produce a thorough analysis of the sales that occurred in 2009 as compared to the <br /> assessed values in 2009, three different sources were used: <br /> •Database defined by the North Carolina Department of Revenue and the basis for the <br /> annual state sales ratio analysis <br /> •County Sales Database <br /> •County Sales from the Local Multiple Listing Service <br /> All three sources produced very similar results <br /> North Carolina Department of Revenue Sales Study <br /> •Number of sales: 245 <br /> •Average ratio of assessed value to sale price: 100% <br /> •Median ratio of assessed value to sale price: 98.60% <br /> •Measure of how closely values cluster around the median *(COD): 12.64 <br /> *The statistical measure of how closely values cluster around the median is known as the <br /> coefficient of dispersion (COD). The lower the COD the more consistently the assessed values <br /> cluster around the sales, so the lower the COD the better the revaluation results. The state <br /> considers any COD of 20 and below to be acceptable. Orange County has always maintained a <br /> COD well below 20. <br /> County Sales Database <br /> •Number of sales: 1326 <br /> •Average ratio of assessed value to sale price: 98.81% <br /> •Median ratio of assessed value to sale price: 98.87% <br /> •Measure of how closely values cluster around the median (COD): 10.06 <br /> Sales from Multiple Listing Service <br /> •Number of sales: 1201 <br /> •Average ratio of assessed value to sale price: 100.40% <br /> •Median ratio of assessed value to sale price: 100.00% <br /> •Measure of how closely values cluster around the median (COD): 9.68 <br /> Reconciliation <br />