HomeMy WebLinkAboutAgenda - 10-06-20; 5-a - Public Hearing on the 2021 Reappraisal Proposed Schedules of Rules, Standards and Values 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: October 6, 2020
Action Agenda
Item No. 5-a
SUBJECT: Public Hearing on the 2021 Reappraisal Proposed Schedules of Rules,
Standards and Values
DEPARTMENT: Tax Administration
ATTACHMENT(S):
Presentation: 2021 Reappraisal Schedules
of Values
UNDER SEPARATE COVER:
2021 Reappraisal Schedules of Values INFORMATION CONTACT:
ON FILE IN TAXADMINIS TRA TION Nancy T. Freeman, Tax Administrator
OFFICE AND CLERK'S OFFICE 919-245-2735
AND AVAILABLE
ELECTRONICALLY AT:
https://www.orangecountync.gov/878/Rev
aluation
PURPOSE: To conduct a public hearing scheduled for this meeting on the 2021 Reappraisal
Proposed Schedules of Rules, Standards and Values.
BACKGROUND: As required by North Carolina General Statutes (NCGS) 105-317, the proposed
Schedules of Values (SOV) to be used in conducting the 2021 reappraisal were submitted to the
Board of County Commissioners on September 15, 2020. At that time, a public hearing was set
for October 6, 2020, and notice was advertised in the News of Orange, Chapel Hill News and
Durham Herald on September 16, 2020. The proposed Schedules have been available for public
inspection in the Orange County Tax Office, Orange County Clerk to the Board's Office, and on
the Orange County Tax Office website (available at
https://www.orangecountync.gov/878/Revaluation) since September 15, 2020.
The public hearing is the second step in a three- step process to adopt the Schedules that will be
used in conducting the 2021 reappraisal. The Board will be asked to adopt the Schedules at its
November 5, 2020 regular meeting. Following adoption, the Schedules will be appealable to the
State Property Tax Commission for thirty (30) days.
The timeline for the 2021 Reappraisal Schedule of Values adoption process is as follows:
• September 15, 2020: Submission to Orange County Board of Commissioners
• September 16, 2020: Advertise in newspapers
• October 6, 2020: Public hearing on SOV
• November 5, 2020: Adoption of SOV
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• November 6, 2020: Publish 1 st notice of adoption
• November 13, 2020: Publish 2nd notice of adoption
• November 20, 2020: Publish 3rd notice of adoption
• November 27, 2020: Publish 4th notice of adoption
• December 5, 2020: Last day for taxpayer to appeal the SOV
FINANCIAL IMPACT: There is no Orange County Financial Impact associated with this item.
SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated
with this item.
ENVIRONMENTAL IMPACT: There is no Orange County Environmental Responsibility Goal
impact associated with this item.
RECOMMENDATION(S): The Manager recommends that the Board:
1) receive the PowerPoint presentation
2) conduct the public hearing to receive comments from the public
3) close the public hearing
4) provide any comments or direction to staff, and
5) acknowledge that staff will be presenting the SOV at the Board' s November 5, 2020 regular
meeting for approval.
2021 REAPPRAISAL SCHEDULE OF
RULES, STANDARDS AND VALUES
Nancy T. Freeman
Tax Administrator
4
Whatis a Reappraisal ?
The process of updating real property tax assessments
for market value and present-use value
Appraisal of all properties in Orange County as of a
single date
❑ Primary goal is to equalize tax base
Effective date for Orange County's upcoming
reappraisal is January 1 , 2021
5
Where vV;�k ave Been
Field reviews began mid-2019
Launched two interactive websites in July 2019 to assist owners
review their property values
Property Record Card
Comper
Data Validation Form mailed February 2020
41 ,600 mailed
Received approximately 4,300 responses
Revaluation Video available on our website
Revaluation Insert with 2020 Bills
6
Where We Are
Majority of land pricing has been completed
Mostly complete with verifying individual property
characteristics and data
Per data provided by property owners on Data Validation Forms
Beginning "Neighborhood Reviews"
Current sales reports for statistics, edits as necessary
Before and after report for quality control
Commercial properties are being appraised by outside
commercial appraisal company
7
Where We Are Going
Schedules of Values submission September 15, 2020 and
corresponding adoption timeline
Final revaluation presentation January 2021
Unique challenges of this revaluation
Tentative results at a high level by classification and district
Notices of new value mailed late February 2021
Deadline for informal appeals April 30, 2021
Board of Equalization and Review to convene May 3, 2021
S
Where We Are Going Continued
E Post-revaluation customer service, reporting
Extended informal appeals process
Collaborative approach to appeals
Pooling resources with other counties performing 2021
revaluation
9
The Schedules of Values ( SOV)
* Tax Assessor must submit SOV to the Board of
County Commissioners ( BOCC)
"Upon receipt", the BOCC shall publish a statement
that such has been submitted and time place of
public hearing on SOV
52-day minimum for full adoption of SOV
10
What is the Schedules of Values?
■
4-year business plan
An appraisal "toolbox"
❑ Explains methodology
r Shows appraisal system contents, i.e. calculation
tables, codes, etc.
a Links to applicable case law
r Provides Uniform Standards of Professional
Appraisal Practice (USPAP)
Does not provide values for specific properties
11
The Adoption Process
MM
❑ September 15, 2020: Submission of Schedules of Values to
Board of County Commissioners
September 16, 2020: Advertising notice published in News of
Orange, Chapel Hill News & Durham Herald
October 6, 2020: Public hearing
❑ November 5, 2020: Adoption of Schedules
❑ November 6, 2020: 1 St advertising notice
November 13, 2020: 2nd advertising notice
November 20, 2020: 3rd advertising notice
November 27, 2020: 4t" advertising notice
December 5, 2020: Last day for taxpayer appeal
12
For More Information
E Contact the Orange County Tax Office:
919-245-2100
reval@orangecountync.gov
Visit the revaluation section of our website
http://www.orangecountync.gov/departments/tax/