Orange County NC Website
6 <br /> Tanner Valuation Group provided a Summary Report for the Orange County 2025 Reappraisal <br /> Findings and Recommendations which is included as Attachment 3. <br /> Appeal Status <br /> The Tax Office received 3,380 informal appeals during the informal appeal window from March <br /> 21 through April 30, 2025. Of those informal appeals, 2,148 resulted in adjustments to the value <br /> of the property, or 64% of the appeals. Total value reduction was $201,005,498 which is an <br /> average reduction of$93,578.All informal decision notices were mailed as of November 26, 2025. <br /> The formal appeal period was April 1 through July 31, 2025. There were a total of 1,038 formal <br /> appeals, and 686 resulted in adjustments to the value of the property, or 66% of the appeals. The <br /> total value reduction was $158,887,883, resulting in an average reduction of$231,615. <br /> The Fiscal Year 2025-2026 budget assumed a tax base reduction of 3%, or $936,162,977, <br /> resulting from the appeal process. The total value reduction from appeals was$359,893,381. The <br /> overall value reduction including appeals and neighborhood reviews is $458,651,081, which is a <br /> reduction of 1.47%. <br /> As of February 25, 2026, there have been thirty-four (34) appeals to the North Carolina Property <br /> Tax Commission (PTC) with a total of 94 properties. To compare to previous revaluation years: <br /> ➢ 2009— 120 PTC appeals <br /> ➢ 2017— 22 PTC appeals <br /> ➢ 2021 — 12 PTC appeals <br /> The last of the formal appeal decision notices were mailed on February 20, 2026. There is a 30- <br /> day window for the property owner to appeal to the PTC from the date the final decision notices <br /> were mailed, which means that the number of 2025 PTC appeals could increase. <br /> Nancy Freeman, Tax Administrator, made the following presentation: <br /> Slide #1 <br /> i <br /> ORANGE COUNTY <br /> NC)RTH CAROLINA <br /> Tax Office Neighborhood Review <br /> Report and Appeal Results <br /> Board of Commissioners <br /> Business Meeting <br /> March 5,2026 <br />