Orange County NC Website
Browse       Search
20 <br /> 1 Slide #31 <br /> General Government <br /> • Tax Administration—Tax Base History <br /> Property Tax Base-Assesvecl Value <br /> inm4m4� <br /> ka;n0.a4m1 <br /> W6tML® - <br /> 5—WG— — <br /> imm4mq® - <br /> ik�lm <br /> 1- rxx r-rder-xi:rvx_nxilRnainmtanm.ervm.- e.v.s-rm.e-x}z <br /> Cni NTT <br /> 30 <br /> 2 <br /> 3 <br /> 4 Slide #32 <br /> General Government <br /> • Tax Administration—Tax Base History <br /> Percentage Change In Assessed Value <br /> alas <br /> maa <br /> ss son <br /> xsar <br /> � inr e.asr e.c>a i. i <br /> Pvxca 'rncn nrnv wmex rnv rrmcnn.,. nye nrnn ti� nnn nnna n�x �� <br /> ORANGE COUNTAD 11011J]It AN I I I <br /> 'I <br /> 5 <br /> 6 <br /> 7 Commissioner Fowler asked for more information about the length of time between <br /> 8 revaluation cycles. <br /> 9 Travis Myren said the County tries to do a revaluation every four years. <br /> 10 Commissioner Fowler asked if there is a reason for a four-year cycle. <br /> 11 Travis Myren said a shorter time between revaluations accounts for rapidly changing <br /> 12 property values. <br /> 13 Nancy Freeman, Tax Administrator, said a previous board approved a resolution to <br /> 14 adopt four-year cycles for revaluations. She said it was included during a decision to delay a <br /> 15 revaluation in 2017. <br /> 16 Bonnie Hammersley concurred. <br /> 17 Bonnie Hammersley said this year, unlike in the Great Recession, counties were not <br /> 18 given the option of opting out of a revaluation. <br /> 19 Travis Myren resumed the PowerPoint presentation: <br /> 20 <br /> 21 <br /> 22 <br /> 23 <br />