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8 <br /> 6 February 2023 <br /> How Did Property Values Affect Informal Appeal Results? <br /> There was no consistent relationship between neighborhood median property values and <br /> informal appeal results. <br /> Table 4.Average Reduction in Initial Appraised Value After Informal <br /> Appeal,by Median Property Value <br /> No.of <br /> Bin Median Neighborhood Values($) Avg.Reduction(%) Parcels <br /> 1 <220,000 7.63 77 <br /> 2 220,001-250,600 5.40 83 <br /> 3 250,601-293,800 9.89 45 <br /> 4 293,801-295,300 23.04a 101 <br /> 5 295,301-346,600 5.72 61 <br /> 6 346,601-365,200 10.748 68 <br /> 7 365,201-426,000 6.69 88 <br /> 8 426,001-453,200 5.99 79 <br /> 9 453,201-536,100 7.92 96 <br /> 10 536,101-694,600 4.77 95 <br /> a Bins 4 and 6 contain appeals from the Northside tracts,which inflated the average <br /> appeal results for those two bins. <br /> Figure 2.Average Reduction in Initial Appraised Value <br /> After Informal Appeal,by Median Property Value <br /> 25 <br /> 23.04* <br /> °- 20 <br /> c <br /> 0 <br /> 15 <br /> 10.74* <br /> Cr 10 7.63 9.89 7.92 <br /> 6.69 5.99 4.77 <br /> 5.40 <br /> 5 5.72 <br /> Q <br /> 0 <br /> <220,000 220,001- 250,601- 293,801- 295,301- 346,601- 365,201- 426,001- 453,201- 536,101- <br /> 250,600 293,800 295,300 346,600 365,200 426,000 453,200 536,100 694,600 <br /> Median Neighborhood Values($) <br /> Asterisks denote values that include appeals from the Northside tracts,which inflated the average appeal results for those values. <br /> ©2023.School of Government.The University of North Carolina at Chapel Hill. <br />