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37 <br /> 1 Slide #6 <br /> a�c�x w.�i ncx„m aoas <br /> A <br /> Formal Appeals by Neighborhood <br /> 39.6%of formal appeals have been completed �! <br /> 630 formal appeals are pending A, <br /> 81% or 236 of formal appeals resulted in a value <br /> change (primarily reductions) - <br /> For all appeals completed (informal +formal) <br /> $41,600 median decrease for residential properties <br /> $80,600 median decrease for nonresidential properties <br /> 7 <br /> All appeals completed by mid-December 2025 - f <br /> 3 Commissioner Carter asked how multi-family residential is valued. <br /> 4 Travis Myren said that any property with five or more units is valued as commercial <br /> 5 property. <br /> 6 Commissioner Greene said it is because it is income generating. <br /> 7 Commissioner Carter asked if it was possible to see a map distribution within each <br /> 8 neighborhood where there have been appeals showing the dollar values. She said this would be <br /> 9 with respect to the feedback they've heard about the size of the changes. <br /> 10 Travis Myren said it would probably be easier to get a list of property changes with the <br /> 11 dollar value. <br /> 12 Commissioner Carter asked if after the appeals property, the price related bias and price <br /> 13 related differentials would shift. <br /> 14 Travis Myren said they would shift because the values are changing. He asked if she is <br /> 15 thinking of a post-appeal equity analysis. <br /> 16 Commissioner Carter said yes. <br /> 17 Commissioner Fowler said she agreed with that idea. <br /> 18 Commissioner McKee asked if any report would include a cause. <br /> 19 Chair Bedford said that would come from the tax revaluation work group. <br /> 20 Commissioner Carter said the work group would meet on October 31. <br /> 21 Commissioner McKee requested that meetings be publicized so that the public can <br /> 22 participate. <br /> 23 <br /> 24 <br />