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1 :1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action A nda <br /> ACTION AGENDA ITEM ABSTRACT Item No r7 <br /> Meeting Date: JANUARY 20, 1987 <br /> SUBJECT: REVALUATION OF REAL PROPERTY AS OF JANUARY 14, 1987 <br /> DEPARTMENT: TAX SUPERVISOR PUBLIC HEARING: Yes X No <br /> ATTACHMENT(S) : INFORMATION CONTACT: KERMIT <br /> NONE LLOYD,X420 <br /> TELEPHONE NUMBER: <br /> Hillsborough - 732-8181 <br /> Chapel Hill - 968-4501 <br /> Mebane - 227-2031 <br /> Durham - 688-7331 <br /> PURPOSE: To present a status report on revaluation. <br /> NEED: The status of the approval procedure for the revaluation of <br /> real property is currently 97% complete. The remaining 3% <br /> involves commercial properties which have not been finished. <br /> Notices of value have been mailed to 55% of the tax payers in <br /> Orange County and will continue to be mailed in batches of <br /> 5,000 on ten day intervals until all notices are mailed. <br /> Townships yet remaining are parts of Chapel Hill and all of <br /> Eno Township. <br /> Informal hearings began November 19, 1986 and continue each <br /> day until all requests for review have been heard. As of <br /> January 14, 1987 requests for a review are only requiring a <br /> five day waiting time. The review has not shown any signifi- <br /> cant problem with values being at true market levels. <br /> The staggered mailing approach is the most effective way to <br /> assure a timely response to the taxpayers ' inquiries following <br /> notice of new values. Written inquiries have been answered <br /> within three days and telephone inquiries are answered imme- <br /> diately or in a follow-up appointment. <br /> The Tax Supervisor will be present to answer questions. <br /> IMPACT: <br /> RECOMMENDATION(S) : <br />