Orange County NC Website
Browse       Search
29 <br /> Slide#9 <br /> Common Issues Identified <br /> • Tanner Valuation Group identified common issues in the Neighborhood Reviews that <br /> warranted a reduction In assessed value: <br /> 1. Not adequately discounting assessed value for deferred maintenance <br /> • Roadside evaluations on exterior of properties done on approximately 17%of taxable parcels <br /> No assessment of interior deferred maintenance <br /> 2. Applying general mass appraisal methodologies in neighborhoods with diverse housing types <br /> • Question added to the Tax Assessment Work Group RFP for consulting services on best <br /> practices in identifying, verifying, and accounting for deferred maintenance <br /> ORANGE COUNTY <br /> S NORTH CARCILINA <br /> Travis Myren explained that there could be an older owner-occupied structure next to a <br /> student rental, next to a very modernized home, making mass appraisal methodology difficult to <br /> apply fairly, unlike more uniform neighborhoods. <br /> Slide #10 <br /> Questions? <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Commissioner McKee said for him, the diverse housing types in the same neighborhood <br /> is the main issue. He said even if it requires on-site reviews of those properties, he wants that <br /> issue to be addressed. <br /> Vice-Chair Fowler confirmed this had been brought to the Tax Assessment Work Group <br /> and was included in RFP questions about efficient ways to identify deferred maintenance through <br /> drive-bys, flyovers, or potentially Al based on building age. <br />