Orange County NC Website
39 <br /> 1 Slide #13 <br /> Industry Standards <br /> Sales Ratio Industry Standards <br /> CaaTfldill <br /> Jurisrlialon Medlan Redo Actual al nian Aaual <br /> un -de .90-1.10 1.00 5.0-15.0 7.1 <br /> rh.p,lHill .90-1.10 1.00 5.0-15.0 7A <br /> rrhoro .90-1.10 1.00 5.0-15.0 7A <br /> illsborough .90.1.10 1.01 5.0.15.0 5A <br /> ehane Ao-1.10 1.01 5.0-15.0 7 <br /> •Stantla tak:Imm the inrenratlerro'l Ax daNan A-aestln 0 re <br /> 2 <br /> 3 <br /> 4 Slide #14 <br /> Industry Standards <br /> r Sales Ratios are verified by category of property. <br /> The ratios indicate tax assessments represent about <br /> 100%of current market sales.The coefficient of <br /> dispersion(COD)indicates the data spread,and <br /> the goal is 15 or lower. <br /> r Countywide:Sales Ratio 1.00,COD 7.7 <br /> F.Improved Residential:Sales Ratio 1.00,COD 7 <br /> Improved Commercial:Sales Ratio 1.00,COD I A.8 <br /> Vacant Lands Sales Ratio 1.00,COD 15,2 <br /> 5 <br /> 6 <br /> 7 Slide #15 <br /> Remaining Schedule <br /> New values ovoiloble on wehsil.March 22,2021 <br /> Notices mailed March 24,2021 <br /> r. Add ltlonaI mailing of 300 cammerclaI property notices on March <br /> 31,2021 <br /> r. Informal appeal period began when notices were received; <br /> deadline For Informal appeals Ail 30,2021 <br /> Formal Appeal Period begins Monday,May 3,2021 when Ill a1 <br /> EcI lizotion&Review camanes. <br /> Formal Appeal Period ends June 30,2021 when Board adlourns. <br /> 8 <br /> 9 <br /> 10 Slide #16 <br /> Revaluation Notice Mailing <br /> r- Revaluation notice includes: <br /> o Information on webpage to appeal online <br /> o Information on webpages to review data and find <br /> comparable sales included <br /> o Informal appeal form as a courtesy for property <br /> owners who wish to appeal <br /> o Instructions to complete informal appeal form <br /> 11 <br />