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Agenda 07-08-2025; 7-a - Report on 2025 Revaluation Review Efforts
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Agenda 07-08-2025; 7-a - Report on 2025 Revaluation Review Efforts
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7/3/2025 10:55:56 AM
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7/3/2025 10:59:10 AM
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BOCC
Date
7/8/2025
Meeting Type
Business
Document Type
Agenda
Agenda Item
7-a
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Agenda for July 8, 2025 BOCC Meeting
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 07-08-2025 Business Meeting
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11 <br /> Performance Measures (continued <br /> • Median Sales Ratio and Coefficient of Dispersion (COD) are used when <br /> calculating PRD. <br /> • NC Department of Revenue provides the standard for Median Sales Ratio <br /> ➢ Standard for Median Sales Ratio: 90% - 110% <br /> • International Association of Assessing Officers (IAAO) provides generally <br /> accepted performace standards for COD and PRD <br /> ➢ Standard Ranges for COD: 5.0 — 25.0 <br /> ➢ Standard for PRD: 0.98 — 1 .03 <br /> ORANGE COUNTY <br /> 9 NORTH CAROLINA <br />
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