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