Item:
Title
Public Hearing on the 2025 Reappraisal Schedule of Values (30min)
Body
Date of BOCC Meeting: October 28, 2024
Request for Board Action:
Agenda Text
The Board is requested to conduct a public hearing on the proposed Schedules of Values, Standards, and Rules (hereinafter "SOV") that were submitted at its October 14, 2024, meeting, in accordance with North Carolina General Statute 105-317. The notice of public hearing was published accordingly on October 17, 2024. The SOV is the guiding document until the next general reappraisal. Once adopted by the governing board, the SOV becomes effective January 1 of the reappraisal year, which in this case will be January 1, 2025.
The following schedule is anticipated for the presentation, adoption of and due process for the 2025 Reappraisal Schedule of Values. At its regular meeting on October 14, 2024, the SOV was presented to the Durham County Board of Commissioners. The Board went on, during this same meeting, to schedule a public hearing on the SOV for October 28, 2024. The document in full has been placed on file with the Durham County Clerk to the Board, Durham County Tax Administration and Durham County Main Library for public review.
North Carolina General Statutes require that the SOV be presented to the governing board at least 21 days before the meeting at which the SOV is to be considered for adoption, which is currently scheduled for Tuesday, November 12. The public hearing must occur at least 7 days prior to the meeting at which the SOV is to be considered for adoption. With a submission date of October 14, 2024, public hearing date of October 28, 2024, and an anticipated adoption date of November 12, 2024, the schedule proposed by Tax Administration meets statutory requirements.
Once adopted and notice first published, the 30-day window for appeals to the SOV opens. A notice of adoption of the SOV must be published weekly for four (4) weeks once the governing board has taken action to ad...
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