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14 <br /> 1 Slide #18 <br /> Action: What the Tax Office Will Do <br /> Tax Administration will follow the standards for PRD as set by the IAAO to <br /> identify categories outside of the accepted standards. PRD is an indicator of <br /> the presence of possible issues, a signal to do further review. It does not <br /> always identify that there is an issue, or what issue needs to be addressed. <br /> Once the review has been completed based on PRD for the different <br /> categories, Tax Office will look at the neighborhoods that make up <br /> categories outside the standard range. The analysis at the neighborhood <br /> level will indicate if there is an issue that needs to be addressed or if the <br /> PRD is off due to explainable reasons: new construction or a missed <br /> exemption for example. <br /> ORAN(jE COUNTY <br /> 1s I CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #19 <br /> Action: What the Tax Office Will Do (continued) <br /> If on review, an issue is determined, the Tax Office will identify <br /> the properties affected by the issue and define value changes <br /> needed. Then present the findings to the Board of Equalization <br /> and Review (BOER) and request a motion to make the <br /> appropriate changes to the property record. If the BOER agrees <br /> and makes a motion doing so, the values will be updated <br /> accordingly, and new value notices will be mailed to those <br /> property owners that are affected. <br /> 19 <br /> ORANGE COUNTY <br /> AROLINA5 <br /> 6 <br /> 7 <br />