Orange County NC Website
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6 <br /> 1 • November 6, 2020: Publish 1 st notice of adoption <br /> 2 • November 13, 2020: Publish 2nd notice of adoption <br /> 3 • November 20, 2020: Publish 3rd notice of adoption <br /> 4 • November 27, 2020: Publish 4th notice of adoption <br /> 5 • December 5, 2020: Last day for taxpayer to appeal the SOV <br /> 6 <br /> 7 Nancy Freeman, Tax Administrator, made the following PowerPoint presentation: <br /> 2021 REAPPRAISAL SCHEDULE OF <br /> RULES,STANDARDS AND VALUES <br /> 9 �- <br /> 10 <br /> What is a Reappraisal? <br /> ❑The process of updating real property tax assessments <br /> for market value and present-use value <br /> Appraisal of all properties in Orange County as of a <br /> single date <br /> Primary goal is to equalize tax base <br /> Effective date for Orange County's upcoming <br /> reappraisal is January 1,2021 <br /> 1 1 <br /> Where We Have Been <br /> o Field reviews began mid-20T 9 <br /> Launched two inter—ive web,hes in July 2019 to assist owners <br /> rev w their property values Peoperty Record Card <br /> Co.— <br /> Data Validation Form mailed February 2020 <br /> 41,600 moiled <br /> Received approximately 4,300 responses <br /> Revaluation Video available on our webshe <br /> Revaluation Insert with 2020 Bills <br /> 12 <br /> 13 <br /> 14 <br /> Where We Are <br /> 1111111110 <br /> ❑Majority of land pricing has been completed <br /> ❑Mostly complete with verifying individual property <br /> characteristics and data <br /> Per data provided by property owners on Data Validation Forms <br /> o Beginning"Neighborhood Reviews" <br /> Current soles reports for statistics,edits as necessary <br /> Before and after report for quality control <br /> Commercial properties are being appraised by outside <br /> commercial appraisal company <br /> 15 <br />