Orange County NC Website
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5 <br /> 1 April 2014 -January 2016: Field visits to verify property record cards <br /> 2 January 2016: Mail summary description of properties with listing forms <br /> 3 January 2016 -April 2016: Initial field review of sales used in models <br /> 4 February 2016 - May 2016: Review grade, depreciation, etc. field reviews <br /> 5 April 2016 -July 2016: Development of new rates for Schedule of Values (SOV) and testing <br /> 6 July/August 2016: Finalize SOV <br /> 7 September 2016: Public hearing on SOV <br /> 8 October/November 2016: Adoption of SOV <br /> 9 December 2016: Final, holistic review <br /> 10 December/January 2017: Send out value change notices <br /> 11 January 2017 - March 2017: Informal appeals <br /> 12 April 2017 -June 2017: Board of Equalization and Review hearings <br /> 13 <br /> 14 The Process <br /> 15 • Appraisers visiting properties, talking with residents <br /> 16 • Land being valued as if vacant <br /> 17 • Models being tested in the office <br /> 18 • Revaluation presentations in the community <br /> 19 <br /> 20 Data Anomalies <br /> 21 • Field reviews/Data Correction Forms <br /> 22 > Property characteristic data changes for current year and future years <br /> 23 > Examples of exceptions: new home constructed that is not on tax records <br /> 24 (discovery), house fire resulting in total loss that is still being taxed (refund) <br /> 25 <br /> 26 Current Tax Assessments <br /> 27 • Last appraisal date was January 1, 2009 <br /> 28 > Adopted schedule of values for 2009 revaluation <br /> 29 > Current tax assessments reflect value as of that date <br /> 30 • Based on sales from 2007 and 2008 <br /> 31 • Per NCGS 105— 287, cannot change 2009 tax assessments until date of next <br /> 32 revaluation, January 1, 2017 <br /> 33 • Current sales ratio is .993, 1.007 in 2014 and 1.04 in 2013 <br /> 34 <br /> 35 Appeals <br /> 36 • Taxpayers may appeal their assessment every year <br /> 37 • Stage 1 - tax office review in-house with an appraiser <br /> 38 • Stage 2 — hearing with Orange County Board of Equalization and Review (third party <br /> 39 members) <br /> 40 • Stage 3— North Carolina Property Tax Commission <br /> 41 • Stage 4 —Appeal courts <br /> 42 <br /> 43 Community Outreach <br /> 44 • 2017 Revaluation Partner Program <br /> 45 > Review of information on website <br /> 46 > Learn and Share revaluation video series (225 total views as of 1/19)-10- <br /> 47 question interactive, educational quiz on website--16 quizzes taken, average <br /> 48 score 93 <br /> 49 > Certificate of Achievement <br />