Orange County NC Website
13 <br /> Phase III <br /> • It is important to us that Orange County has the most recent data on which to base its Schedule of <br /> Values. Beginning in mid-2024 and continuing into the fall we will update the data for our major <br /> property types. Please note that not all property types may have meaningful data and that a "No <br /> Further Action"finding for a property type will count as completing that milestone. <br /> Phase IV <br /> • Final Application of Data (provided by Analytical Consultants). Analytical Consultants will update <br /> 2025 preliminary revaluation assessed commercial property value recommendations. Please note <br /> that we are not well versed in applying that assistance to mass valuation using mass valuation <br /> software but will help the County by consulting on different ways to input the data to produce <br /> appropriate results from the County's software. Based on our schedule, the County should have all <br /> the commercial values in their system and verified/discussed with Analytical Consultants by <br /> November 1, 2024. Our fee includes a two-month period leading up to the reassessment date of <br /> January 1, 2025, during which a qualified employee of Analytical Consultants will be available via <br /> phone or onsite at the Orange County offices between the hours of 9am to 5pm (up to 20 hours per <br /> week) to answer questions or provide assistance with the use and application of the new data. <br /> Assessment Review and Assessment Support <br /> • We will provide assessment review and support beyond that provided in Phase III on an "as <br /> needed" basis to help the County with appeals. Our fee includes up to 40 hours of support <br /> advising on tax appeals and for Board Hearings as needed in 2025. In the following years, <br /> additional support will be limited to 20 hours per year. Additional assistance above and beyond <br /> the yearly hourly limit will be provided for$250 per hour and all assistance will be provided by <br /> Elizabeth Greganti or Paul Snow. <br /> • Our review and support of the tax assessment does not include the following: Appraisals and <br /> Property Tax Commission (PTC) Testimony. We can provide appraisals to support the County <br /> for Board Hearings or PTC Hearings. These assignments will be considered and engaged on an <br /> case-by-case basis. In some cases, a conflict of interest may exist. In these cases, Analytical <br /> Consultants will recommend and help select and engage a third-party appraiser. <br /> Mr. Snow is an experienced expert witness for PTC hearings. He works for both property owners <br /> and Counties. His fee for Property Tax Commission preparation and testimony is$375 per hour. <br /> This fee is set for the entire four-year period following the effective date of the 2025 <br /> reassessment. Another representative of Analytical Consultants may be involved in a PTC case <br /> by mutual agreement if Paul Snow is unavailable. <br /> The results of the analysis and supporting data will be presented to the Orange County Office of Tax <br /> Administration in electronic and paper formats. <br />