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37 <br /> Slide #6 <br /> �P� /�ls� <br /> Formal Appeals by Neighborhood <br /> a-� <br /> 39.6% of formal appeals have been completed 1' <br /> 670 formal appeals are pending <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 r� <br /> $80,600 median decrease for nonresidential properties <br /> l / F. .1 Dec—- <br /> ' w,mai In c�crease <br /> All appeals completed by mid-December 2025 ` No Ch-9e <br /> s <br /> Commissioner Carter asked how multi-family residential is valued. <br /> Travis Myren said that any property with five or more units is valued as commercial <br /> property. <br /> Commissioner Greene said it is because it is income generating. <br /> Commissioner Carter asked if it was possible to see a map distribution within each <br /> neighborhood where there have been appeals showing the dollar values. She said this would be <br /> with respect to the feedback they've heard about the size of the changes. <br /> Travis Myren said it would probably be easier to get a list of property changes with the <br /> dollar value. <br /> Commissioner Carter asked if after the appeals property, the price related bias and price <br /> related differentials would shift. <br /> Travis Myren said they would shift because the values are changing. He asked if she is <br /> thinking of a post-appeal equity analysis. <br /> Commissioner Carter said yes. <br /> Commissioner Fowler said she agreed with that idea. <br /> Commissioner McKee asked if any report would include a cause. <br /> Chair Bedford said that would come from the tax revaluation work group. <br /> Commissioner Carter said the work group would meet on October 31. <br /> Commissioner McKee requested that meetings be publicized so that the public can <br /> participate. <br />