Orange County NC Website
39 <br /> Slide #13 <br /> Industry Standards <br /> Sales Ratio Industry Standards <br /> C-111.1 trtot <br /> Jurbdlctlon Idwilan Flatio Actual DI rnlon Actual <br /> C.untywid. .90.1.10 1.00 5.0.15.0 7.7 <br /> CNinelHill .90-1.10 1.00 5.0-15.0 7.4 <br /> whom .90-1.10 1.00 5.0-15.0 7.4 <br /> illsborough .90-1.10 1.01 5.0-15.0 5.4 <br /> ebrne .90-1.10 1.01 5.0-15.0 7 <br /> "St Martl mken m th¢fnrernarlenol AveNenen a An¢ssln 4 re <br /> Slide #14 <br /> Industry Standards <br /> III. <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 /> Countywide:Sales Ratio 1.00,COD 7.7 <br /> -Improved Residential;Sales Ratio 1.00,COD 7 <br /> Improved Commercial:Sales Ratio 1.00,COD 14.8 <br /> Vacant Land:Sales Ratio 1.00,COD 15.2 <br /> Slide #15 <br /> Remaining Schedule <br /> New—1—oroilable on website March 22,2021 <br /> Noecas moiled Morch 24,2021 <br /> AddItIonal mulling of 300 commerclal property notices on March <br /> 31,2021 <br /> - Informal appeal period began whennotices were received; <br /> deadline for Informal appeals April 30,2021 <br /> Formol Appeal Period begins Monday,May 3,2021 when Baord at <br /> Eymli—tion&Review comanes. <br /> - Formal Appeal Period ends June 30,2021 when Board adjourns. <br /> Slide #16 <br /> Revaluation Notice Mailing <br /> r Revaluation notice includes: <br /> t7 Information on webpage to appeal online <br /> a 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 /> Instructions to complete informal appeal form <br />