Orange County NC Website
22 <br /> Nancy Freeman said it means there is a building or home on the property, not just land. <br /> Commissioner Hamilton asked what the 95% square footage data of is compared to. <br /> Chad Phillips said they look at the initial list and then the appraisers go back out a second <br /> time to compare it. He said it is a system versus appraisers on the field. <br /> Nancy Freeman said it is a self-check and reviewed by the NC Department of Revenue. <br /> Slide #7 <br /> oilCurrent status <br /> • 2023 Informal appeals resolved <br /> • Formal appeals for the 2023 tax year are near completion:final Past-Adjournment Board <br /> of Equalization and Review meeting scheduled for November 29,2023 <br /> • Work is in progress for she January I,2025 Revaluation <br /> - Analytical Consultants has been contracted to a-ws-tf❑r Commercial Reappraisal <br /> - Sales continue to be reviewed and qualified to build our sales bank <br /> - Temporary appraisal staff assisting in completing revaluation projects <br /> - Neighborhood delineation is being reviewed.land valuation is in process <br /> Slide #8 <br /> 2025 Revaluation Timeline <br /> January 2022-June 2024: Neighborhood Delineation and Field Visits <br /> January 2023-December 2024: Sales Analys 1 s <br /> February 2023-December 2023: Land Valuation <br /> March 2023-Data Validation Forms Milled to all Residential Improved Property Owners <br /> September 2023-November 2024 Commercial Valuation <br /> May 2024-August 2024: Building of Schedules of Values <br /> September 2024-December 2024: Public Hearing and Adoption of Schedules ofvalue <br /> February-March 2025: Notices of Value mailed <br /> January 2025-June 2025: Appeals <br /> Commissioner Portie-Ascott asked if the data valuation forms were sent to the sample. <br />