News Brief: Property Revaluations

The next Orange County property revaluation will become effective Jan. 1. Property revaluation is the process of recognizing monetary trends between buyers and sellers and reflecting that on similar properties. The last countywide revaluation was effective as of Jan. 1, 2005, and the market value of Orange County properties has since increased.
The Orange County Tax Assessor’s Office will release the 2009 revaluation estimates online after Dec. 10, before the official revaluation notices are mailed early in 2009. To view the estimates after Dec. 10, visit www.co.orange.nc.us, click on the What’s New button and follow the link to new estimates.