Agenda - 02-07-2017 - 4-b - 2017 Orange County Revaluation Update

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2 As part of the process, staff defined more neighborhoods, thereby allowing better organization and pricing models for the current and future revaluations. The County now has 975 neighborhoods. Additionally, prior to the 2017 revaluation staff had limited building use information. Projects such as computing the percentage of residential versus commercial in the tax base required Information Technologies programming and assistance. Throughout the 2017 revaluation, staff invested the time to improve this identification by identifying and coding each of the 55,500 parcels with its corresponding building use, i.e. single-family residential, restaurant, student housing, etc. Reporting for 2017 and forward will be much easier and more accurate because of these efforts. The effective appraisal date for the 2017 revaluation is January 1, 2017. Notices are on schedule to be mailed the last week of February. The tax office will continue to conduct revaluation presentations throughout the County. Acceptance of informal appeal requests will begin immediately after taxpayers begin receiving notices of value. Tax office staff members have developed an updated Appeals Form and a corresponding Appeals Form Instruction Sheet. The Appeals Form and Instruction Sheet will become available online and in the office at the time that the notices are mailed to property owners. Tax office staff members will be available to assist the public in completing the Appeals Form. The Board of Equalization and Review will convene May 1st and begin hearing formal appeals. FINANCIAL IMPACT: There is no financial impact associated with receiving this presentation. SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated with this item. RECOMMENDATION(S): The Manager recommends that the Board receive the presentation and provide any feedback and questions.