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22 <br /> 1 Nancy Freeman said it means there is a building or home on the property, not just land. <br /> 2 Commissioner Hamilton asked what the 95% square footage data of is compared to. <br /> 3 Chad Phillips said they look at the initial list and then the appraisers go back out a second <br /> 4 time to compare it. He said it is a system versus appraisers on the field. <br /> 5 Nancy Freeman said it is a self-check and reviewed by the NC Department of Revenue. <br /> 6 <br /> 7 Slide #7 <br /> Current statin <br /> 2023 Informal appeals resolved <br /> • Formal appeals for the 2023 tax year are near completion;final Post-Adjournment Board <br /> of Equalization and Review meeting scheduled for November 29,2023 <br /> • Work is in progress for the January 1,2025 Revaluation <br /> Analytical Consultants has been contracted to assist for Commercial Reappraisal <br /> Sales continue to be reviewed and qualified to build our sales bank <br /> Temporary appraisal staff assisting in completing revaluation projects <br /> Neighborhood delineation is being reviewed.land valuation is in process <br /> g <br /> 9 <br /> 10 Slide#8 <br /> or <br /> 2025 Revaluation Timeline <br /> - January 2022-June 2024: Neighborhood Delineation and Field Visits <br /> January 2023 -December 2024: Sales Analysis <br /> February 21323-December 2023° Land Valuation <br /> March 2023-Bata Valldation Forms Malled to all Residential Improved Property Owners <br /> September 2023-November 2024: Commercial Valuation <br /> May 2024-August 2024: Building of Schedules of Values <br /> September 2024-December 2024: Public Hearing and Adoption of Schedules of Value <br /> February-NlarO 2025: Notices of Value mailed <br /> January 2025-June 2025: Appeals. <br /> 12 Commissioner Portie-Ascott asked if the data valuation forms were sent to the sample. <br />