Orange County NC Website
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5 <br /> 1 <br /> 2 Where We Are <br /> 3 • Mostly complete with land pricing <br /> 4 • Mostly complete with verifying individual property characteristics and data <br /> 5 • Currently performing "Neighborhood Reviews" <br /> 6 o Current sales reports for statistics, edits as necessary <br /> 7 o Before and after report for quality control <br /> 8 • Commercial properties are being appraised by outside commercial appraisal company <br /> 9 <br /> 10 Where We Are Going <br /> 11 • Schedules of Values submission September 6, 2016 and corresponding adoption <br /> 12 timeline <br /> 13 • Final revaluation presentations January 2017 <br /> 14 o Challenges of the revaluation <br /> 15 o Tentative results at a high level by classification, district, and other categories as <br /> 16 requested <br /> 17 • Notices of new value mailed late-February 2017 <br /> 18 • Deadline for informal appeals April 28, 2017 <br /> 19 • Board of Equalization and Review to convene May 1, 2017 <br /> 20 • Post-revaluation customer service, reporting <br /> 21 o Extended informal appeals process <br /> 22 o Collaborative approach to appeals <br /> 23 o Pooled resources with other county departments <br /> 24 <br /> 25 The Schedules of Values (SOV) <br /> 26 • Tax Assessor must submit SOV to the Board of County Commissioners (BOCC) <br /> 27 • "Upon receipt", the BOCC shall publish a statement that such has been submitted and <br /> 28 time/place of public hearing on SOV <br /> 29 • 52-day minimum for full adoption of SOV <br /> 30 <br /> 31 What is the Schedules of Values? <br /> 32 • 4-year business plan <br /> 33 • An appraisal "toolbox" <br /> 34 • Explains methodology <br /> 35 • Shows appraisal system contents, i.e. calculation tables, codes, etc. <br /> 36 • Links to applicable case law <br /> 37 • Provides Uniform Standards of Professional Appraisal Practice (USPAP) <br /> 38 • Does not provide values for specific properties <br /> 39 <br /> 40 The Adoption Process <br /> 41 • September 6, 2016: Submission of Schedules of Values to Board of County <br /> 42 Commissioners <br /> 43 • September 7, 2016: Advertising notice published in News of Orange, Chapel Hill News <br /> 44 & Durham Herald <br /> 45 • September 20, 2016: Public hearing <br /> 46 • October 4, 2016: Adoption of Schedules <br /> 47 • October 5, 2016: 1st advertising notice <br /> 48 • October 12, 2016: 2nd advertising notice <br /> 49 • October 19, 2016: 3rd advertising notice <br />