Orange County NC Website
14 <br /> ■ Budget <br /> ■ Staffing levels <br /> • Outsourcing needs <br /> ■ Timeline <br /> 2021 Revaluation Timeline <br /> • January 2019 — December 2019: Initial property visits <br /> • January 2019 — December 2020: Sales analysis <br /> • January 2019 — September 2019: Land pricing <br /> • January 2019 — December 2020: Data entry <br /> • January 2019 — December 2020: Testing <br /> • May 2020 —August 2020: Building of Schedule of Values <br /> • September 2020 — November 2020: Adoption of Schedules <br /> • December 2020 — February 2021: Notices of Value <br /> • January 2021 — June 2021: Appeals <br /> 2018 Market Sales Statistics — NCDOR Annual Report <br /> • Number of qualified market sales: 421 <br /> • Sales ratio measurement <br /> o Median = .91 <br /> o Mean = .932 <br /> o COD = 12.99 <br /> o PRD = 1.014 <br /> o Range = 1.604 <br /> Commissioner Dorosin asked if there is a process for determining which random sales to <br /> choose. <br /> Dwane Brinson said staff submits the last book and page to the Department of Revenue <br /> each year. He said the Department of Revenue gives staff a sample of sales to analyze, and if <br /> a sale does not qualify (related party sale, corporation sale, etc.), staff skips it and goes on to <br /> the next market sale. <br /> Community Initiatives <br /> 2021 Revaluation Community Initiatives <br /> • PUBLIC COMPER <br /> o Simple, convenient way to find and compare sales <br /> o Available to anyone, anywhere — no need to spend money on a private appraisal <br /> to appeal <br /> o Effective method of appealing <br /> • ONLINE PROPERTY RECORD CARD (PRC) AND CHANGE REQUEST <br /> o Easy-to-understand format to review property characteristics <br /> o Method to electronically submit a change request to appraisal staff <br /> Important Tax Dates and Reminders <br /> Commissioner Price asked if the color of the card could be changed. <br /> Dwane Brinson said yes. <br /> f. Reappointment of Tax Administrator (formerly item 8-d) <br />