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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: March 16, 2010 <br />Action Agenda <br />Item No. ~_ <br />SUBJECT: 2009 Revaluation Report <br />DEPARTMENT: Tax Administration <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />2009 Revaluation Report <br />INFORMATION CONTACT: <br />Jo Roberson, (919) 245-2735 <br />PURPOSE: To provide a report to the BOCC on the 2009 Revaluation results including data on <br />the informal appeal process, the Board of Equalization and Review, Property Tax Commission <br />appeals, and the 2009 sales ratio. <br />BACKGROUND: On May 5, 2009 the BOCC directed the County Manager to bring back to the <br />Board a report related to the 2009 Revaluation. The Board asked that the report include data <br />"on the results of the informal appeals, the appeals to the Board of Equalization and Review, <br />and an analysis of the sales that occurred in 2009 as compared to the assessed values in <br />2009". <br />FINANCIAL IMPACT: There is no financial impact associated with the Board receiving the <br />report. <br />RECOMMENDATION(S): The Manager recommends the Board receive the report. <br />