Orange County NC Website
Browse       Search
• Telephone: (919) 245-2100 <br /> • Physical Location: 2nd floor, Gateway Center, 228 South Churton Street, Hillsborough <br /> • Mail: Orange County Tax Assessor's Office, PO Box 8181, Hillsborough, NC 27278 <br /> After April 1, appeals must be made in writing to the Board of Equalization and Review, PO <br /> Box 8181, Hillsborough, NC 27278. Appeals filed after the adjournment of the Board of <br /> Equalization and Review, will be heard during the following tax year. <br /> Tax Relief for Elderly and Permanently Disabled <br /> Elderly and permanently disabled taxpayers may apply for assistance with paying their tax <br /> bills. Timely applications will be filed no later than June 1; taxpayers must apply, in writing, for <br /> tax relief. <br /> Explanation of Taxation of Public Service Companies <br /> The North Carolina Department of Revenue determines the value of all public service company <br /> property based on the sales assessment ratio in the year the county conducts a revaluation <br /> followed by the fourth and seventh years thereafter. <br /> The billed value of public service companies for 2008 was about $226,300,000. If the County <br /> did not revalue effective January 1, 2009 (the fourth year after revaluation) public service <br /> companies would be billed based on the County's 2008 assessment to sales ratio level of <br /> 75%. Therefore, instead of public utility values being valued at 100% of value or <br /> $226,300,000, they would be valued at 75 % or$170,000,000. <br /> Comparison of Taxes Paid By Utility Companies <br /> Assessment <br /> Tax Year Billed Value Ratio Tax Rate Taxes Due Difference <br /> 2008 $226,300,000 100% 0.998 $2,258,474 <br /> 2009 with <br /> revaluation (1) $203,670,000 100% 0.86 $1,751,562 ($506,912) <br /> 2009 <br /> without <br /> revaluation (1) $203,670,000 75% 0.998 $1,524,470 ($734,004) <br /> (1) NC Department of Revenue projects a decrease in valuation for public utility companies <br /> in 2009. For the purpose of this illustration, a 10% decrease is assumed. <br /> Orange County can expect to receive less property taxes from utilities in 2009. Without the <br /> January 1, 2009 real property revaluation the reduced amount could be $734,000. With <br /> revaluation it could be $507,000. In other words, the revaluation will produce approximately <br /> $227,000 more utility tax revenue. <br />