Orange County NC Website
25 <br /> Slide #4 <br /> Background <br /> Value notices were distributed in March of 2025 <br /> - Residential properties increased by 52%on average <br /> Concerns from residents regarding the accuracy and fairness of the revaluation process particularly in historically <br /> Black neighborhoods <br /> County Response to Date <br /> - Technical support from Tax Office on how to file an appeal of value <br /> Countywide and neighborhood level equity studies <br /> - Creation of Tax Assessment Work Group to work with a consultant to evaluate and make recommendations on <br /> improvements to the assessment process, policies,and procedures <br /> Tax payments due on September 1, 2025 <br /> Tax payments past due after January 5, 2026 <br /> Past due payments begin accruing interest penalties <br /> a ORANGE <br /> COUNTY <br /> TTOR'FHCA <br /> Slide #5 <br /> Status of Appeals <br /> • The number of appeals is higher than previous revaluations <br /> � 2025 Appeals 2021 Appeals 2017Appeals <br /> Informal Appeals 3,348 1,682 2,238 <br /> Formal Appeals 908 412 316 <br /> Total Appeals 4,256 2,094 2,554 <br /> Median residential decrease-$25,990 or 6%decrease in value <br /> - Median nonresidential decrease-$288,700 or 13%decrease in value <br /> • 944 appeals pending decisions on value adjustments <br /> - 114 pending informal appeals may be appealed again to the Board of Equalization and Review <br /> • All appeals completed by mid-December 2025 <br /> ORANGE COUNTY <br /> 5 NORTH CAROLINA <br />