HomeMy WebLinkAboutAgenda - 10-15-2024; 8-j - Approval and Adoption of 2025 Reappraisal Schedule of Values 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: October 15, 2024
Action Agenda
Item No. 8-j
SUBJECT: Approval and Adoption of 2025 Reappraisal Schedule of Values
DEPARTMENT: Tax Administration
ATTACHMENT(S): INFORMATION CONTACT:
Order of Adoption Nancy T. Freeman, Tax Administrator,
(919) 245-2735
UNDER SEPARATE COVER:
2025 Reappraisal Schedules of Values
ON FILE IN TAX ADMINISTRATION
OFFICE AND CLERK'S OFFICE AND
AVAILABLE ELECTRONICALLYAT:
https://www.orangecountync.gov/878/Re
valuation
PURPOSE: To approve and adopt the proposed 2025 Reappraisal Schedule of Values, authorize
the Chair to sign the Order of Adoption for the 2025 Reappraisal Schedule of Values, and direct
staff to publish the appropriate advertisements.
BACKGROUND: The proposed 2025 Reappraisal Schedule of Values (SOV) was presented to
the Board at the September 5, 2024 Business meeting. Immediately thereafter, the Tax
Administrator advertised notice in the News of Orange and News & Observer regarding the
availability of the Reappraisal Schedule of Values for public inspection and the date of the public
hearing on the Reappraisal Schedule of Values. The Board held the public hearing regarding the
Reappraisal Schedule of Values at its October 1, 2024 Business meeting. These actions were
taken in accordance with the North Carolina General Statute (NCGS) 105-317(c)(1) and (2).
In addition, NCGS 105-317(c)(3) states:
"When the board of county commissioners approves the final schedules, standards, and rules, it
shall issue an order adopting them. Notice of this order shall be published once a week for four
successive weeks in a newspaper having general circulation in the county, with the last publication
being not less than seven days before the last day for challenging the validity of the schedules,
standards, and rules by appeal to the Property Tax Commission. The notice shall state:
a. That the schedules, standards, and rules to be used in the next scheduled reappraisal of
real property in the county have been adopted and are open to examination in the office of
the assessor; and
b. That a property owner who asserts that the schedules, standards, and rules are invalid
may except to the order and appeal therefrom to the Property Tax Commission within 30
days of the date when the notice of the order adopting the schedules, standards, and rules
was first published."
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The timeline for the 2025 Reappraisal Schedule of Values adoption process is as follows:
• September 5, 2024: Submission to Orange County Board of Commissioners
• September 6 & 11, 2024: Advertise in local newspapers
• October 1, 2024: Public hearing on SOV
• October 15, 2024: Adoption of SOV
• October 16, 2024: Publish 1st notice of adoption
• October 23, 2024: Publish 2nd notice of adoption
• October 30, 2024: Publish V notice of adoption
• November 6, 2024: Publish 4t" notice of adoption
• November 15, 2024: Last day for taxpayer to appeal the SOV
FINANCIAL IMPACT: There is no financial impact associated with this item.
ALIGNMENT WITH STRATEGIC PLAN: There are no Orange County Strategic Plan Goals
applicable to this item.
RECOMMENDATION(S): The Manager recommends that the Board approve and adopt the 2025
Reappraisal Schedule of Values, authorize the Chair to sign the attached Order of Adoption
approving the proposed 2025 Reappraisal Schedule of Values, and direct staff to publish the
proper advertisements in the News of Orange and News & Observer concerning the notice of
adoption.
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ORDER ADOPTING THE SCHEDULES OF RULES,
STANDARDS AND VALUES FOR MARKET VALUE
AND PRESENT-USE VALUE
WHEREAS, pursuant to N.C.G.S. 105-286, all real property in Orange County will
be reappraised in accordance with the provisions of N.C.G.S. 105-283 and N.C.G.S. 105-
317 as of January 1, 2025; and
WHEREAS, pursuant to the provisions of N.C.G.S. 105-317, the Tax
Administrator submitted the proposed Schedules of Rules, Standards and Values for
Market Value and Present-Use Value to the Board of County Commissioners on
September 5, 2024; and
WHEREAS, notice of submission to the Board of County Commissioners and the
date of a required public hearing was advertised in the News and Observer on September
6, 2024, and in News of Orange on September 11, 2024; and
WHEREAS, a public hearing on the proposed Schedules of Rules, Standards and
Values was held on October 1, 2024;
NOW, THEREFORE, IT IS ORDERED that the submitted Schedules of Rules,
Standards and Values to be used in appraising all real property located in Orange County
as of January 1, 2025, is hereby adopted. Notice of this order of adoption shall be
published once per week for four consecutive weeks in the News of Orange and News &
Observer. The adopted Schedules of Rules, Standards and Values shall be appealable
to the State Property Tax Commission for thirty days, ending November 15, 2024. The
adopted Schedules of Rules, Standards and Values is available for public inspection at
the Orange County Tax Office, 228 S. Churton Street, Hillsborough, NC and the Clerk to
the Board of Commissioners, 300 West Tryon Street, Hillsborough; and electronically on
the Orange County website.
So ordered this 15t" day of October, 2024.
Jamezetta Bedford, Chair
Orange County Board of Commissioners