Orange County NC Website
Browse       Search
23 <br /> 1 Nancy Freeman said this form was sent to all property owners and asked them to tell them <br /> 2 if it was not correct. She said they have done this during the last three valuations. <br /> 3 Commissioner Portie-Ascott asked if a resident might have complained because the <br /> 4 information was incorrect. <br /> 5 Nancy Freeman said they may have noticed that it was incorrect and then the changes <br /> 6 are made, but from that point forward. She said they cannot make it retroactive. She said they are <br /> 7 not required to send the form back, but they received about 2,200 back for the 2021 revaluation. <br /> 8 She said that it was very helpful, and it was sent out a year earlier this year. <br /> 9 Commissioner Hamilton asked if you could look up your property online to see if you filled <br /> 10 out the form. <br /> 11 Nancy Freeman said there is a way to review characteristics of property online and to <br /> 12 send messages directly to tax office. She said they are anticipating a similar number of appeals. <br /> 13 <br /> 14 Slide #9 <br /> Revaluation Process <br /> • Properties are appraised at 140%market value at the time of the revaluation.Data is reviewed From rhe <br /> most recent qualified sales leading up to the revaluation date. <br /> The Schedule of'Values is a manual to describe and document the methodology and procedures for <br /> appraising real estate at market value at the time of the county's most recent revaluation. <br /> In order to reappraise all parcels at the same time as of the same date.mass appraisal is used. It is the <br /> process of grouping uniform or similar properties together to ensure fair and equitable property values. <br /> and Is used by all North Carolina counties to conduct a reappraisal. <br /> • Real property values remain the same untll the next reappraisal,unless physical changes are made to the <br /> property during non-reappraisal years. <br /> • New buildings and other improvements are appraised according to the percentage of completion on <br /> January I of each year and are valued according to the.Schedule ofValues to reflect the value as of the <br /> most recent revaluation date. <br /> 15 <br /> 16 <br /> 17 <br />