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11 <br /> 1 Industry Standards (graph) <br /> 2 <br /> 3 Sales by Classification (graph) <br /> 4 <br /> 5 Scatterplot of 2016 Sales (graph) <br /> 6 0 1,579 of 2,106 sales fall within .95 — 1.05 (75%) <br /> 7 <br /> 8 Commissioner Jacobs asked if the difference between vacant and undeveloped land <br /> 9 could be given. <br /> 10 Dwane Brinson said there is no difference, but the location of the land is considered, as <br /> 11 well as size value. <br /> 12 Commissioner Jacobs said he recalls that a number, vastly lower than the assessed <br /> 13 value, is what is taxed. He asked if the current percentage could be given. <br /> 14 Dwane Brinson said it depends on the soil on the property. He said the forestry <br /> 15 classification is the lowest present use value. He said they are taxed on a fraction of market <br /> 16 value, and there is about $700,000 million in present use value being tax deferred. <br /> 17 Commissioner Jacobs asked if a breakdown of soil types, or use value uses tax rates <br /> 18 could be provided. <br /> 19 Dwane Brinson said yes. <br /> 20 Commissioner Price asked if properties in extraterritorial jurisdictions (ETJs) are handled <br /> 21 in the analysis. <br /> 22 Dwane Brinson said such properties would not be included in the towns, but in the <br /> 23 countywide assessments. <br /> 24 <br /> 25 Remaining Project Schedule <br /> 26 0 Values are complete—staff quality control through Friday, February 24 <br /> 27 • Commercial new construction, 2nd mailing <br /> 28 0 New values available on website February 28, 2017 <br /> 29 0 Notices to be mailed March 3, 2017 <br /> 30 0 Deadline for informal appeals April 30, 2017 <br /> 31 0 Board of E&R to convene May 1, 2017 <br /> 32 <br /> 33 Revaluation Notice Mailing <br /> 34 0 Revaluation notice — sample provided previously <br /> 35 0 Informal appeal form <br /> 36 0 Informal appeal form instructions — located on reverse of revaluation notice <br /> 37 0 Insert on property tax assistance programs <br /> 38 • Homestead Exemption, Disabled Veteran Exclusion, Circuit Breaker Deferment <br /> 39 and Present-Use Value programs <br /> 40 Appeals Process <br /> 41 0 Review property characteristics at bit.ly/ocnctaxsearch <br /> 42 • Check square footage, bath count, etc. <br /> 43 o Please allow reasonable margin of difference: 5% per NC Residential <br /> 44 Square Footage Guidelines <br /> 45 0 Review online sales bank at bit.ly/ocncsalesbank <br /> 46 • Final sales bank available as of this afternoon <br /> 47 o Please allow reasonable margin of difference: 5% <br /> 48 0 Fill out and return appeal form located at bit.ly/ocnctaxappeal <br /> 49 <br /> 50 For More Information <br /> 51 0 Contact the Orange County Tax Office: <br />