Orange County NC Website
21 <br /> increase overall in commercial values. This represents an average increase of approximately <br /> 23%. <br /> The Tax Office will provide a final revaluation presentation to the Board of Commissioners in <br /> January 2025. Revaluation Notices will be mailed out mid-March 2025, and the planned deadline <br /> for informal appeals is April 20, 2025. The Board of Equalization and Review (BOER)will convene <br /> on May 5, 2025 to receive and hear formal appeals, with June 30, 2025 as the planned deadline <br /> for filing a formal appeal. The BOER will continue to meet through the fall of 2025 to consider all <br /> timely filed formal appeals. <br /> Nancy Freeman, Tax Administrator, made the following presentation: <br /> Slide #1 <br /> 2025 Reappraisal <br /> Schedule of Rules, <br /> Standards & <br /> Values <br /> October i,2024 <br /> Nancy Freeman,Tax Administrator <br /> Slide #2 <br /> An appraisal"toolbox".5hows appraisal system contents, <br /> i.e.calculation tables,codes,etc. <br /> Explains methodcicgy and pTocedure5for appraisal at <br /> market value and present use value where appropriate <br /> What is <br /> Guide to ensure that same standards are app]ied to all <br /> the prop e rty in the County to keep val ues equitable <br /> Schedules <br /> ofValues property which will be in effect until the next Revaluation <br /> • <br />