Orange County NC Website
Browse       Search
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 13, 2022 <br /> Action Agenda <br /> Item No. 1 <br /> SUBJECT: Property Tax Assessment Presentation from UNC School of Government <br /> DEPARTMENT: Tax Administration <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> PowerPoint Presentation (To Be Provided Nancy T. Freeman, Tax Administrator, <br /> Prior to or at the Meeting) (919) 245-2735 <br /> Bonnie Hammersley, County Manager, <br /> (919) 245-2300 <br /> Travis Myren, Deputy County Manager, <br /> (919) 245-2300 <br /> PURPOSE: To receive a presentation on Property Tax Assessment from staff with the UNC <br /> School of Government, including basic information on the purposes of a revaluation. <br /> BACKGROUND: The Tax Administration office conducts a County-wide revaluation every four <br /> years. The most recent revaluation was effective January 1, 2021. Revaluation is a process where <br /> all property within a taxing jurisdiction is revalued to its current market value as of an established <br /> date. The purpose is to fairly reflect the value of all property and to help ensure that property <br /> owners pay equitable tax based on the value of their property. <br /> Due to unparalleled increases in the market prior to the January 1, 2021 revaluation date, <br /> properties county-wide saw a substantial increase in their property tax values upon the <br /> revaluation. In addition, community leaders shared information previously unknown to the Tax <br /> Assessor concerning a neighborhood conservation district in Chapel Hill. Under the direction of <br /> the Board of Equalization and Review, the Tax Assessor's office reviewed and made changes to <br /> the values of many of the properties in the district. These unique situations have increased the <br /> amount of contact between constituents and members of the Board of Commissioners concerning <br /> property values. This presentation will provide additional information to Board members about <br /> Property Tax Assessment and Revaluation to assist the Commissioners in responding to the <br /> concerns of taxpayers. <br /> The presenters are from the School of Government at the University of North Carolina. The <br /> presenters are Christopher B. McLaughlin, Professor of Public Law and Government, and Kirk <br /> F. Boone, Teaching Assistant Professor in Public Finance and Government. <br /> Professor of Public Law and Government Christopher B. McLaughlin has worked with the School <br /> of Government since 2008. Mr. McLaughlin works in the area of local government tax and finance, <br /> along with ethics for government attorneys. Mr. McLaughlin has written books on property tax <br />