Fewer Orange County land owners are contesting the valuation of their property, reports Orange County Property Appraiser Bill Donegan. This is the fourth consecutive year his office has seen a decline in the number of petitions filed.
Property owners were notified in mid-August of the value and tax rates proposed by the taxing authorities. Property owners who feel the assessed value exceeded the fair market value had until Sept. 12 to file a petition with the county’s Value Adjustment Board.
This year, 2,660 property owners out of the county’s 438,631 tax parcels filed a petition seeking a reduced property value. That’s a 23.6 percent reduction from the 3,482 petitions filed last year.
Donegan said most property owners object to the taxes rather than the valuation. “Both residents and businesses have seen values decline for several years now; yet taxes have increased for many.”
Fewer Orange County land owners are contesting the valuation of their property, reports Orange County Property Appraiser Bill Donegan. This is the fourth consecutive year his office has seen a decline in the number of petitions filed.
Property owners were notified in mid-August of the value and tax rates proposed by the taxing authorities. Property owners who feel the assessed value exceeded the fair market value had until Sept. 12 to file a petition with the county’s Value Adjustment Board.
This year, 2,660 property owners out of the county’s 438,631 tax parcels filed a petition seeking a reduced property value. That’s a 23.6 percent reduction from the 3,482 petitions filed last year.
Donegan said most property owners object to the taxes rather than the valuation. “Both residents and businesses have seen values decline for several years now; yet taxes have increased for many.”
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