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28 <br /> Current Work — Neighborhood Reviews (continued ) <br /> In the example graph on the previous slide, there is an outlier near the top that skewed <br /> the data. <br /> • 2021 sale price was $43,772 and appraised value is $469,500. <br /> • The 2021 sale was vacant land, which was valued at $44,300 prior to the 2025 <br /> revaluation. <br /> • A house was built after the property sold, which has a 2025 value of $370,000 that <br /> contributes to the total value of $469,500. <br /> • This illustrates why outliers need to be identified, researched and excluded, rather <br /> than using the report totals as an obvious sign of issues. <br /> • Removing this outlier changes the PRB from -1 .077 to -0.29. The neighborhood still <br /> requires additional review as it is still outside the acceptable range, however the <br /> review of this single outlier exhibits why it is important. <br /> ORANGE COUNTY <br /> 26 NORTH CAROLINA <br />