Orange County NC Website
10 <br /> Slide #15 <br /> Reappraisal <br /> Examples of Data collected <br /> QuantitativelObjective Qualitative/Subjective <br /> Number of Baths Topography <br /> Land Area Traffic <br /> Square Feet living area Condition <br /> Garage Style <br /> Outbuildings Views <br /> Parch size Other ranks <br /> Fireplace - Excellent,Fair,Poor <br /> Other measures and More difficult to verify <br /> counts <br /> Slide #16 <br /> Reappraisal <br /> Statistics — Ratio Studies ""'Y <br /> Assessed values 1 Qualified sales price <br /> Central Tendency— .90 to 1.10 <br /> —Median <br /> Spread— 5 to 15, sometimes 20 <br /> —Coefficient of Dispersion <br /> Vertical Equity(.98— 1.03) <br /> —Price Related Differential <br /> Slide #17 <br /> Median —Accuracy Equity <br /> COD - Precision <br /> Law accuracy Low aoourazy <br /> Law Pre Imn Pr iw— <br /> High JGG4raGY N"Jh itt4riGY <br /> Low Precisicn sign[vecision <br />