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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 6, 2021 <br /> Action Agenda <br /> Item No. 7-a <br /> SUBJECT: 2021 Orange County Revaluation Results <br /> DEPARTMENT: Tax Administration <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> PowerPoint Presentation Nancy Freeman, Tax Administrator, <br /> (919) 245-2735 <br /> PURPOSE: To receive an overview of findings from the 2021 countywide revaluation. <br /> BACKGROUND: North Carolina counties must conduct a revaluation at least once every eight <br /> years. Orange County's last revaluation took effect January 1, 2017. The effective appraisal date <br /> of the 2021 revaluation is January 1, 2021. Tax office staff began working on the 2021 revaluation <br /> in 2019. A collaborative approach was taken throughout the entire 2021 revaluation, and <br /> community involvement helped improve the process. <br /> In February 2020, the tax office proactively sent each real property owner a snapshot of the <br /> property's public record. Property owners were asked to return the form with any corrections to <br /> the data provided. This was an effort to ensure accurate records. Of the approximately 41,500 <br /> forms that were mailed out, the Tax Office received approximately 4,300 responses. <br /> Conducting a countywide revaluation takes significant effort and staff dedication. Orange County <br /> has approximately 57,100 real property parcels, and each of those parcels has been modified to <br /> reflect a current estimate of market value. The schedule of completing the revaluation has been <br /> affected by the pandemic. During the height of the pandemic, appraisers limited field visits to <br /> curbside reviews. For the majority of the last year, appraisers have based their work from home <br /> with minimal time in the office in order to maintain the health and safety of staff and the public. <br /> Revaluation notices were mailed on March 24, 2021, and an appeal form was included in each <br /> notice. <br /> FINANCIAL IMPACT: There is no financial Impact associated with this item. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br /> with this item. <br /> ENVIRONMENTAL IMPACT: There is no Orange County Environmental Impact associated with <br /> this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board receive this overview. <br />