Orange County NC Website
Browse       Search
28 <br /> 1 Commissioner Greene said she supports this list of priorities and would like to also discuss <br /> 2 an issue for Habitat homeowners that results in their tax bill being disproportionate to what they <br /> 3 pay for their home. She said this issue can only be addressed through legislation. <br /> 4 The Board agreed by consensus. <br /> 5 Commissioner Carter said she appreciated that the legislative goals are aligned with the <br /> 6 NCACC's goals. <br /> 7 Commissioner Portie-Ascott asked to add a goal to seek legislation to provide recurring <br /> 8 funding to State affordable housing programs such as the Workforce Housing Loan Program to <br /> 9 enhance opportunities for local government employees to reside in the jurisdictions they serve. <br /> 10 The Board agreed by consensus. <br /> 11 <br /> 12 A motion was made by Commissioner McKee, seconded by Commissioner Greene to <br /> 13 approve the Orange County 2025 Priority Legislative Issues document, with Commissioner <br /> 14 Portie-Ascott's addition, for submittal to Orange County's legislative delegation. <br /> 15 <br /> 16 VOTE: UNANIMOUS <br /> 17 <br /> 18 7. Reports <br /> 19 a. 2025 Orange County Revaluation Presentation <br /> 20 The Board received an overview of findings and plans of the 2025 countywide revaluation. <br /> 21 <br /> 22 BACKGROUND: The Tax Office is nearing completion of the 2025 revaluation of real property to <br /> 23 reflect market value as of the appraisal date of January 1, 2025. Revaluations are mandated by <br /> 24 the North Carolina General Statutes and needed to realign the values of real property throughout <br /> 25 the County to maintain equitable and uniform property values among property owners. Market <br /> 26 values are shaped by property sales, and the Tax Office's responsibility is to look at those sales, <br /> 27 interpret the market data, and estimate market values for all properties within Orange County. <br /> 28 <br /> 29 The Assessment Team compiles sales, data from property owners, and information from <br /> 30 professionals for a full understanding of the Orange County real estate market. As has occurred <br /> 31 in the past, the Tax Office contracted with an outside vendor to provide data on commercial <br /> 32 properties in the County. <br /> 33 <br /> 34 Conducting a countywide revaluation takes significant effort and staff dedication. Assessment <br /> 35 staff began working on the 2025 revaluation in 2023. Orange County has approximately 58,700 <br /> 36 real property parcels, and each of those parcels has been reviewed to reflect a current estimate <br /> 37 of market value. Notices providing the newly updated values will be mailed early to mid-March. <br /> 38 An Appeal Form and a list of Revaluation Frequently Asked Questions (FAQs) will be included <br /> 39 with each notice. A copy of the FAQs is also attached to this abstract. <br /> 40 <br /> 41 Nancy Freeman, Orange County Tax Administrator, introduced the item and made the <br /> 42 following presentation: <br /> 43 <br /> 44 <br />