At least once every eight years, North Carolina requires all its counties to conduct a property revaluation to establish the fair market value for all homes in the state.

“The main thing with the revaluation is to reestablish the equity in the market,” said Orange County tax administrator Dwane Brinson. “Neighborhoods appreciate and depreciate at different rates. Once you do a revaluation, the goal is to just reestablish that equity so that everyone is paying on the current market value of their property.”

The last revaluation was done in January 2009 and the next one will take effect January 2017. Brinson said urged residents to remember that their current tax assessments use the 2009 value of their property, which will change in 2017.

“That increase or decrease in the value is not for that one year, it actually spans the past eight years,” he said.

Brinson said the county is looking for more input from the community and because of this, the Board of Commissioners extended the deadline to February 29 for submitting property listings.

The county sent listing forms to residents on December 31, 2015. Included in those envelopes was a new form that Brinson said the county has never tried before. It shows residents the county’s record of their home and lets people make corrections if information is false.

“We’re asking residents to take a look at that,” he said. “And if something is wrong with the property characteristics, to let us know ahead of time. That way we can go in, correct the records and make sure that we’re valuing the property for what it is.”

From December 2016 to February 2017, the county will send value change notices to residents. If you are unsatisfied with your valuation, there is an appeals process.

For more information on the revaluation, visit the county website.

Related Stories
‹
Orange County: Capital Plan, Budget, Property Revaluation Outreach
Orange County Commissioner Sally Greene spoke with 97.9 The Hill's Andrew Stuckey on Wednesday, April 23, discussing county news and events. She talked about the commissioners' recent work session in which they hear from County Manager Travis Myron on the 10-year capital  budget.
Easter Weekend to Affect Local Government Services in Orange County
The upcoming Easter weekend starting Friday April 18 will affect several local government services around the community.
Orange County Approves Purchase of Hillsborough Site for Future Crisis Diversion Facility
The Orange County Board of Commissioners recently approved a land purchase for a future Crisis Diversion Facility. 
Orange County: The Site of the Future Crisis Diversion Facility + Discussing Tax Rates and Revaluation
Chair of the Orange County Commissioners Jamezetta Bedford joins 97.9 The Hill News Director Brighton McConnell over the phone on Wednesday, April 16.
Orange County Preps for Revenue-Neutral Property Tax Rate Discussion; Board Chair Shares Threshold to Watch for Property Value
The Orange County Board of Commissioners will discuss the county's updated revenue-neutral property tax rate at its meeting on Tuesday, with the board chair revealing the threshold for how much property owners will see increases.
Orange County: Land Use Plans, Soccer Complex, Revenue-Neutral Tax Rate
Chair of the Orange County Commissioners Jamezetta Bedford spoke with 97.9 The Hill's Andrew Stuckey on Wednesday, April 9, discussing county news and events. She talked about the commissioners Land Use Plan, which they will continue discussion of in September. She also talked about a 34 acre soccer complex in western Orange County and how that fits into the budget going forward. She talked about the county's recent property revaluation, revealing the revenue-neutral tax rate for the county, and more.
Conversations We Need To Have: Orange County Equity and Inclusion Officer Paul Slack
Orange County's Chief Equity and Inclusion Officer Paul Slack spoke with 97.9 The Hill's Andrew Stuckey on Monday April 7. He discussed the current work of his office, which includes a successful event for Women's History Month in March. He also talked about some upcoming events. They also talked about how they came to support the work of social justice and equity for underrepresented groups, and more.
Orange County: Transportation Priorities, Capital Improvement 10 Year Plan
Chair of the Orange County Commissioners Jamezetta Bedford spoke with 97.9 The Hill's Andrew Stuckey on Wednesday, April 2, discussing county news and events. She discussed the recent meeting of the county board of commissioners, which included decisions about transportation priorities for the county, a presentation on the county's 10-year Capital Improvement Plan, and more.
STIHL Holds Open House, Celebration For New Orange County Distribution Center in Mebane
The power tool manufacturer STIHL welcomed corporate leaders, local government dignitaries and more to its open house celebration in Mebane.
Orange County: Property Revaluation, Future of Medicaid Expansion, Drakeford Library Opening
Chair of the Orange County Commissioners Jamezetta Bedford spoke with 97.9 The Hill's Andrew Stuckey on Wednesday, March 19. She discussed the recent meeting of the Orange County Commissioners, which included a report on Medicaid expansion in Orange County, an update from OWASA, a proclamation for child abuse prevention month, and more. She also talked about the ongoing property revaluation which had notices sent out to property owners this week, the ribbon-cutting for the Drakeford Library Complex, and more.
›