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28 <br /> Slide #11 <br /> I <br /> Steps Taken with Northside Informal Appeals <br /> (continued) <br /> Board of Equalizatlon and Review dlddlrect Tax OffIceto review remaining <br /> properties in the affected areas <br /> Reviews and field visits were made of the remaining properties in the affected <br /> neighborhoods.wh Ich Inc I uded a69 propertles. <br /> + After review,using data previously provided and data compiled through sales and <br /> field visits to the properties,+values were adjusted on many of the properties. <br /> -Smaller properties that were conforming la the restrictions of the Nortfiside <br /> Neighborhood Conservatlon DIstrlct on average received a reductlon In vale of at least <br /> 20%. <br /> -Larger.legaby nor-confonnirg properties were reviewed end same were adjusled to <br /> reflect an Increase In value. <br /> Slide #12 <br /> I <br /> Steps Taken with Northside Informal Appeals <br /> (continued) <br /> In order for staff to review all properties and provide the most consistent and <br /> i accurate review,most value notices were mailed for the properties informally <br /> appealed In the Northslde area on August 26,after all of the affected propertles <br /> were reviewed. <br /> w Formal appeals may be submitted for These propenies through September 25. <br /> Flnal round of Value Notices for the remaining properties In the Northslde <br /> neighborhoods reviewed under the direction of the BOER were mailed on <br /> September 7, <br /> w Formal appeals mey be submitted for lhese properties through October 7. <br /> Slide #13 <br /> I <br /> Review of East 54 Condominiums <br /> On June 8,an appeal of a property located at East 54 Condominlums brought <br /> forth the fact that there was a notable difference in fair ma rket values of the condo <br /> unb In the referenced buildings that face the golf course versus the units that face <br /> the parking lot. <br /> Tax Office performed a review of other units in these buildingsto determine more <br /> equltablevaluatlons for these properties.At theAugust 12 Board of Equallzatlon <br /> and Review meeting the Tax Office requested that the Board direct the Tax Office <br /> make necessary corrections to these properties and their values to be consistent <br /> with the action taken on the appeal from June 8. <br /> 93 properties were reviewed,with 72 properties decreasing In value,19 Increasing <br /> in value and 1 no change. Value notices were mailed September 7. <br /> Nancy Freeman said there was an average reduction of$31,000 and an average <br /> increase of $16,000. She resumed the PowerPoint presentation: <br />