Orange County NC Website
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depending upon the location of the property being appraised. <br /> For instance, land fronting on rivers and creeks may be in <br /> flood zones or flood ways, but the presence of water more <br /> than offsets any negatives creating a situation where no <br /> adjustment is required. <br /> URBAN/SUBURBAN LAND SCHEDULE <br /> Urban and Suburban land values in Orange County are <br /> dependant on a variety of factors which change in relative <br /> importance depending upon the location of the property being <br /> appraised. <br /> These properties are affected by many factors which may act <br /> on a single property, a small group of properties, or a <br /> large group of properties located in a relatively small <br /> geographical area. <br /> Due to these factors it would be impractical to attempt <br /> development of a single schedule, giving all property uses <br /> and locations, in Orange County. <br /> The following schedule will be used only as a guideline in <br /> appraising the urban and suburban land in Orange County. <br /> The ultimate guideline being the "Uniform Appraisal <br /> Standard" and other applicable statutes in the Machinery Act <br /> of North Carolina. <br /> The typical residential acreage range will be from $1, 000 <br /> to $6, 000, 000 an acre. <br /> The typical front foot price range will be from $10.00 to <br /> $100,000 a front foot. <br /> The typical residential square foot range will be from $ .10 <br /> to $10, 000 a square foot. <br /> Commercial Sites - Will be priced by the acre, front foot, <br /> and/or square foot considering depth, shape, topography <br /> and/or any factor that may affect value. <br /> The typical Commercial front foot price range will be from <br /> $10.00 to $900, 000 a front foot. <br />