A lot of Orange County property owners swallowed hard at last year’s property revaluation. Values jumped an average of 24 percent. Rather than sit back and accept it, folks appealed. Now we know the outcome, per the News & Observer. In quite a few cases, Orange County’s property valuation was too high.
Of the 5,026 informal appeals decided by county staff, 3,073 property values were adjusted, almost all of them down, Roberson said.
Of the 1,656 property values appealed to the Board of Equalization and Review, 992 property values were adjusted – almost all of them lower.
