Orange County NC Website
Browse       Search
12 <br /> Performance Standards — Sales Ratio <br /> Sales Ratio = Assessed Value / Sales Price <br /> • It is the ratio of a property's assessed value to its actual sale price <br /> ■ Ratio of 1 .00 (or 100%) indicates the assessed value is equal to the sale price. <br /> ■ Ratio above 1 .00 means the assessed value is higher than sale price. <br /> ■ Ratio below 1 .00 means the assessed value is lower than dale price. <br /> The median sales ratio represents the typical relationship between <br /> assessed values and the corresponding sales prices in an area <br /> such as countywide or in a neighborhood . <br /> ORANGE COUNTY <br /> 10 NORTH CAROLINA <br />