On March 5, 2015, Dwane Brinson, Orange County Tax Administrator, made a presentation on the 2017 revaluation to the Chamber's Economic Development & Public Policy Committee.

1. Dwane Brinson, Tax Administrator
March 5, 2015

2. 
 Dillon’s Rule state
 NCGS 105 – 283: Uniform Appraisal Standards
 Property to be appraised at market value
 NCGS 105 – 286: Time for general reappraisal of real property
 Must conduct revaluation at least once every eight years
 NCGS 105 – 287: Changing appraised value of real property in
years in which general reappraisal is not made
 (b)(2) cannot adjust for economic changes (paraphrased)
Applicable Laws

3. 
February 2015 - January 2016: Field visits to verify property record cards
January 2016 - Mail summary description of properties with listing forms
January 2016 - April 2016: Field review of sales used in models
February 2016 - May 2016: Review grade, depreciation, etc. field reviews
April 2016 - July 2016: Development of new rates for SOV and testing
July 2016: Finalize SOV
July/August 2016: Public hearing on SOV
September/October 2016: Adoption of SOV
December 2016: Final, holistic review
January 2017: Send out value change notices
January 2017 - March 2017: Informal appeals
April 2017 - June 2017: Board of Equalization and Review hearings
Timeline

4. Type of Property
Measure of
Central
Tendency
Coefficient of
Dispersion
Price-Related
Differential
Single-Family Residential
Newer, homogeneous areas .90 - 1.10 5.0 - 10.0 .98 - 1.03
Older, heterogeneous areas .90 - 1.10 5.0 - 15.0 .98 - 1.03
Rural residential and seasonal .90 - 1.10 5.0 - 20.0 .98 - 1.03
Income Producing Properties
Larger, urban jurisdictions .90 - 1.10 5.0 - 15.0 .98 - 1.03
Smaller, rural jurisdictions .90 - 1.10 5.0 - 20.0 .98 - 1.03
Vacant Land .90 - 1.10 5.0 - 25.0 .98 - 1.03
Other Real and Personal Property .90 - 1.10
Varies with local
conditions
.98 - 1.03

5. 
 Last appraisal date was January 1, 2009
 Adopted schedule of values for 2009 revaluation
 Current tax assessments reflect value as of that date
 Based on sales from 2007 and 2008
 Per NCGS 105 – 287, cannot change 2009 tax assessments
until date of next revaluation, January 1, 2017
Current Tax Assessments

6. 
 Taxpayers may appeal their assessment every single year
 Stage 1 - tax office review in-house with an appraiser
 Stage 2 – hearing with Orange County Board of
Equalization and Review (third party members)
 Stage 3 – North Carolina Property Tax Commission
 Stage 4 – Appeal courts
Appeals

7. 
 www.orangecountync.gov, then Departments, then Tax
Administration
 Educational videos through collaborative effort with
Orange County Public Affairs
 Revaluation Officer Program
 Summary description in January 2016
Additional Resources

8. 
Questions?