Orange County NC Website
24 <br /> i <br /> Update on 2021 Real Property <br /> Value Appeals Process <br /> Presented September 14,202T <br /> 1 <br /> 2 <br /> 3 Slide #2 <br /> 21721 Value Appeals Process Overview <br /> f 2021 is a Revaluation Year for Orange County Tar Office <br /> Real Properties valued based on January 1,2021 current market vaW <br /> Revahuauon Noticesof New Values marled March 24,2021 <br /> Informal Appeal Farms malled with Revaluatlon Notices,Included Inalrucaons and <br /> In} ation on how to appeal using new online site <br /> "form <br /> Appeals period anted with the Board of Equalization and Review ConvenhN.May <br /> 3,2021 <br /> Formal Appeals period began May 3 and ended September 1,2021 <br /> As of September 7,there have been 2062 appeals:1681 Informal,381 formal <br /> 4 SII <br /> 5 <br /> 6 Slide #3 <br /> Informal Appeals Overview& Steps Taken <br /> II During Informal Appeals Period,appeals were distributed to the appraiser assigned to <br /> the corresponding neighborhood.Appraiser reviewed information provided by property <br /> owner,researched property,performed site vial[11 requestedlneeded,determined new <br /> value or no change to value. <br /> • D alls of appeal and any changes recorded In Computer Assisted Mass Appralsal <br /> system,or LAMA system. <br /> Decisions reviewed by Real Property Manager andior DaputyAssessor <br /> • At this time,the Assessor's office has the authorlty to change the value or properties <br /> based on information provided by the property owner and during research by <br /> appralsers. <br /> 7 <br /> g <br /> 9 Slide #4 <br />