Orange County NC Website
Browse       Search
18 <br /> 1 Slide #26 <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$374,000 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 /> zs ORAINGE CTH OUNATY <br /> 2 <br /> 3 <br /> 4 Slide #27 <br /> Current work — Appeals Countywide <br /> • Informal Appeals total: 3,462 Formal Appeals as of June 30: 365 <br /> • 2,551 completed <br /> • 1,403 of which have had some change — 30 of which were <br /> increases <br /> 27 <br /> ORANGE� C OUN�TY <br /> 5 <br /> 6 <br /> 7 <br />