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11 <br /> Market Sales Statistics — NCDOR Annual Report <br /> Sales ratio expresses the relationship between current assessed values and current market values. <br /> Counties with populations of 75,000 or more that have a Sales Ratio of under 85% or over 115% must <br /> conduct a revaluation of their real property within three years if a reappraisal is not already scheduled <br /> within that time period. See North Carolina General Statute 105-286(a)(2). <br /> 2021 Sales Ratio Median = 98.66% <br /> 2022 Sales Ratio Median (provided by NC Department of Revenue) = 81 .97% <br /> At this point,the average Sales Ratio for 2021 Reappraisal Counties was 89.14% <br /> 2023 Sales Ratio Median (provided by NC Department of Revenue) = 69.49% <br /> First Quarter 2023 Sales Ratio Median = 65.90% <br /> Second Quarter 2023 Sales Ratio Median = 64.8% <br /> fr. iI, j 1 •, 1 •. <br />