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29 <br /> Commissioner Fowler told the Board that there were no major changes from last year's <br /> priorities. <br /> Commissioner Greene said she supports this list of priorities and would like to also <br /> discuss an issue for Habitat homeowners that results in their tax bill being disproportionate to <br /> what they pay for their home. She said this issue can only be addressed through legislation. <br /> The Board agreed by consensus. <br /> Commissioner Carter said she appreciated that the legislative goals are aligned with the <br /> NCACC's goals. <br /> Commissioner Portie-Ascott asked to add a goal to seek legislation to provide recurring <br /> funding to State affordable housing programs such as the Workforce Housing Loan Program to <br /> enhance opportunities for local government employees to reside in the jurisdictions they serve. <br /> The Board agreed by consensus. <br /> A motion was made by Commissioner McKee, seconded by Commissioner Greene to <br /> approve the Orange County 2025 Priority Legislative Issues document, with Commissioner <br /> Portie-Ascott's addition, for submittal to Orange County's legislative delegation. <br /> VOTE: UNANIMOUS <br /> 7. Reports <br /> a. 2025 Orange County Revaluation Presentation <br /> The Board received an overview of findings and plans of the 2025 countywide revaluation. <br /> BACKGROUND: The Tax Office is nearing completion of the 2025 revaluation of real property <br /> to reflect market value as of the appraisal date of January 1, 2025. Revaluations are mandated <br /> by the North Carolina General Statutes and needed to realign the values of real property <br /> throughout the County to maintain equitable and uniform property values among property <br /> owners. Market values are shaped by property sales, and the Tax Office's responsibility is to <br /> look at those sales, interpret the market data, and estimate market values for all properties <br /> within Orange County. <br /> The Assessment Team compiles sales, data from property owners, and information from <br /> professionals for a full understanding of the Orange County real estate market. As has occurred <br /> in the past, the Tax Office contracted with an outside vendor to provide data on commercial <br /> properties in the County. <br /> Conducting a countywide revaluation takes significant effort and staff dedication. Assessment <br /> staff began working on the 2025 revaluation in 2023. Orange County has approximately 58,700 <br /> real property parcels, and each of those parcels has been reviewed to reflect a current estimate <br /> of market value. Notices providing the newly updated values will be mailed early to mid-March. <br /> An Appeal Form and a list of Revaluation Frequently Asked Questions (FAQs) will be included <br /> with each notice. A copy of the FAQs is also attached to this abstract. <br /> Nancy Freeman, Orange County Tax Administrator, introduced the item and made the <br /> following presentation: <br />