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7 <br /> 1 Slide #4 <br /> What is included <br /> The analyses includes three projects: <br /> • Residential Vertical Equity Analysis <br /> • Non-Residential Vertical Equity Analysis <br /> • 2024 vs 2025 Value Study by Building or <br /> Property Types <br /> ORANGE COUNTY <br /> 4 NORTH CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #5 <br /> Vertical Equity <br /> Vertical Equity Analysis of Residential and Non-Residential <br /> analyses will review vertical equity in the 2025 Revaluation to <br /> ensure that assessment levels are consistent over the range of <br /> values, with high-value and low-value properties exhibiting <br /> similar ratio of assessment to market value. <br /> The vendor is calculating the Mean and Median Sales Ratios, <br /> the Coefficient of Dispersion (COD) and the Price-Related <br /> Differential (PRD) based on building type and land use, as well <br /> as vacant and improved, and building age. <br /> Analyses conducted using sales as they are and also using <br /> time adjusted sale prices.. <br /> ORANGE COUNTY <br /> S NC)RTH CARC)LINA <br /> 5 <br /> 6 <br /> 7 Nancy Freeman said time adjusted sale prices is the process for modifying sales prices <br /> 8 to reflect changes in market conditions between the sales date and the appraisal date. <br /> 9 <br /> 10 <br />