Orange County NC Website
31 <br /> 1 Slide#10 <br /> 0 Results of Northside Appeals (continued) <br /> Reviews and field vislis were made of the remaining properties in the affe-cted <br /> i neight)orhoods,which i.ncludedap•proximately 472 properties.6a% decreased in <br /> value.29 Increased in value, and 3% had no change;In value.overall change in <br /> value was a reduction of$10,695,500, <br /> After review, using data provided about the naig h Wrhood conservation districts, <br /> data compiled based on sales in the area, and field visits to the properties,values <br /> were adjusted on Many of the properties_ <br /> Smaller properties that were conformtrig to the restrictions ofthe Northside <br /> Neighborhood Conservation District on average received a reduction in value of at <br /> least.20%- The average reduction In value was S71.eF01. <br /> Larger, legally non-eonfotming properties were reviewed and some were adjusted <br /> to reflect an increase in value.The average increase was,$79,400 <br /> 2 <br /> 3 <br /> 4 Slide #11 <br /> Results of Northside Appeals (continued) <br /> i - While the majority of the Northside appeals occurred early in the appeal period, <br /> i there were 42.appeals after the original deadline of June 30th, <br /> I <br /> - In order for staff to review all properties and provide the most consistent and <br /> accurate revievw most value notices were mailed for the properties appealed in the <br /> Northside area inlate August and early September,after allofthe affected <br /> properties were reviewed. <br /> The involvement of the community,the property owners who appealed their value <br /> and the community leaders who provided information about the neighborhood <br /> conservation districtswere key to making the changes to provide more equitatxle <br /> values <br /> We loop forward to continuedcommunication with property owners, involved <br /> govern went entities, and winmunity leaders to provide inf+orenation on changes <br /> that will provide vital Information for the Fest valuation of propefties in Orange <br /> County. <br /> 5 <br /> 6 <br /> 7 <br /> 8 <br />