Orange County NC Website
Browse       Search
28 <br /> 1 Slide #11 <br /> Steps Taken with Northside Informal Appeals <br /> (continued) <br /> I <br /> Board of Equalkzaflon and Review did dliect Tax Office to review remalnIng <br /> properties in the affected areas <br /> + Reviews and field visits were made of the remaining properties in the affected <br /> neighborhoods,wh Ich incl uded 469 properties. <br /> + Atter review,using data previously provided and data compiled through sates and <br /> field visits to the properties,values were adjusted on many of the properties. <br /> a Smaller properties that were conforming to the restrictions of the Northside <br /> Neighborhood Cansarvatlon DistrItt on average teoelved a teduotlon In value or at least <br /> 20%. <br /> " Larger.legally norfconrormirrg properties were reviewed and some were adiusied to <br /> reflectan inemase In value. <br /> 2 <br /> 3 <br /> 4 Slide #12 <br /> Steps Taken with Northside Informal Appeals <br /> (continued) <br /> + In order for staff to review all properties and provide the most consistent and <br /> accurate review,most value notices were mailed for the properties informally <br /> appealed In the Northside area on August 26,after all of the affected properties <br /> were reviewed. <br /> Formal appeals may be submitted for these prop@rites through 8eptentGer 25. <br /> + Final round of 4+alue Notices for the remaining properties in the Northside <br /> neighborhoods reviewed under the direction of the BOER were mailed on <br /> September T <br /> + Formal appeals may be submitted for these properties through October 7. <br /> 5 <br /> 6 <br /> 7 Slide #13 <br /> Review of East 54 Condominiums <br /> + On June 8,an appeal of a property located at East 54 Condominiums brought <br /> forth the fact that there was a notable difference in fair market values of the condo <br /> units In the referenced buildings that face the golf course versus the units that face <br /> the parking lot, <br /> Tax Office performed a review of other units in these buildingsto determine more <br /> equitable valuations for these properties..At the August f2 Board of Equalization <br /> and Review meeting the Tax Office requested that the Board direct the Tax Office <br /> make necessary corrections t4 these properties and their values to be consistent <br /> with the action taken an the appeal from June 8. <br /> 93 properties were reviewed,with 72 properties decreasing In value,19 increasing <br /> in value and 1 no change. Value notices were mailed September 7. <br /> 8 <br /> 9 <br /> 10 Nancy Freeman said there was an average reduction of$31,000 and an average <br /> 11 increase of$16,000. She resumed the PowerPoint presentation: <br />