Orange County NC Website
4 <br /> What is Revaluation or Reappraisal (continued) ? <br /> Revaluation re-established the fairness of the tax burden between properties, which typically change <br /> in value at different rates by location and property type. <br /> Required by North Carolina General Statute 105-286 at least once every 8 years. <br /> Orange County conducts a revaluation every four years, based on resolution signed on May 7, 2013. <br /> The last countywide reappraisal has an effective date of January 1 , 2021 . <br /> The next reappraisal will update real property values to reflect fair market value as of January I , 2025. <br /> 17 <br /> L <br />