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29 <br /> 1 Slide #14 <br /> Final Report of Board of Equalization and <br /> Rewiewfor2021 <br /> i <br /> The estimated time of completion of the work for the Board of Equalization and <br /> Review(BOER)for 2021 is mid-January. <br /> . This will depend on the number of appeals received through early October,based <br /> on the date of the last mailing of Value Notfces <br /> - A report will be provided to the Board of Commissioners to provide a summary of <br /> the outcome of the appeals at a regular meeting of the Commissioners soon after, <br /> estimated Mid-March 2022. <br /> 2 <br /> 3 <br /> 4 Slide #15 <br /> Final Report of Board of Equalization and <br /> Review for 2021 (continued) <br /> I <br /> The report will Include important metrics on the resulting changes to values that <br /> occurred due to the appeals. <br /> 0 Number of dates BOER met to conduct heanngs <br /> Number of Informal appeals rr u tln In a formal appeal <br /> s Total number of formal appeals <br /> r Number of appeals resulting in a decrease in value,increase in value,and no change <br /> - Dedimn Notices Mailings and PIJ1111Gcalwn of Minvles <br /> . Number of formal appeals resulting in an appeal No the North Carolina Property Tax <br /> Commission <br /> 5 <br /> 6 <br /> 7 Nancy Freeman said these numbers will depend on when the notices are mailed out, as <br /> 8 there is a 30 day window to appeal to the Property Tax Commission. She resumed the <br /> 9 PowerPoint presentation: <br /> 10 <br /> 11 Slide #16 <br /> 2021 'Value Appeals Process in Conclusion <br /> • Real property sales I ncreased steadily prior lo the January 1,2021 revaluation date. <br /> This resulted in a substantial increase in valuation county-wide for the 2021 <br /> Revaluation. <br /> Beginning in March 2020,the pandemic complicated many aspects of the process of <br /> the revaluation,from stalling field visits to changing the methods needed to <br /> communicate with property mvners about their valises and appealing the values. <br /> F We have continued to provltle service to taxpayers,although the office was closed to <br /> the public far several months.Our new online appeals module helped us provide an <br /> effectiveway for property owners to appeal value without an in-person visit. <br /> - Current number of appeals still below the estimated number for 2ID21 However,our <br /> goals for completing appeals have been quite stretched due to the effectsof the <br /> pandemic,and the fact that staff has been shorthanded. <br /> - Our assessment team,along with tremendous support from our other divisions,eras <br /> cofttlnued to work through these Issues to provide excellent professional customer <br /> service and accurate work to fairly equalze the tax base for Orange County property <br /> owners. <br /> 12 <br /> 13 <br />