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Board of Equalization and Review

Orange County · Board of Equalization & Review
Wednesday, January 14, 2026

Regular meeting Housing and affordabilityLand conversion and large developmentTax rate and revaluation

Agenda document Minutes Watch Meeting recap

What's on this agenda

Orange County's board of equalization and review hears twenty-three property tax appeals over two sessions on January 14. Most are commercial and multifamily property in Chapel Hill and Hillsborough. Ten of the appeals are a single owner's duplexes on Regent Place and Weaver Dairy Road. The board also takes up a consent agenda of thirteen further adjustments county staff propose without a hearing.

Summarized from the published agenda. Read the agenda itself before acting on it.

Meeting recap

What happened, drawn from the records published after the meeting. Minutes

The board raised three assessments on the county's recommendation, reduced two and left seventeen unchanged. The Shadowood evidence was the plainest. The complex sold in late 2023 for $42.5 million, or $126,488 a unit. The county had it assessed at $121,308 a unit while the owner argued for $106,312. The owner had also spent over $800,000 on the units since buying it. The board took the county's number, close to what the property actually sold for.

On Thermo Fisher, the county produced comparable industrial sales at $116 a square foot, or $44.2 million, and an income approach reconciling to $41 million. It recommended removing an economic modifier that had been depressing the value. On Carraway Village, a 403-unit complex built in 2018, the county acknowledged that vacancy rose sharply once the competing Carraway Tower leased up. The property was 19.35 percent vacant in January 2025, and the county still recommended a higher figure.

Ten of the seventeen unchanged appeals were a single owner's parcels on Regent Place and Weaver Dairy Road in Chapel Hill. Each was appealed at roughly 55 percent of its assessed value. Two assessments came down instead: 2701 Homestead Road by $2,327,500 and 113 Mayo Street by $1,538,900. The board also accepted a consent agenda of thirteen further adjustments county staff proposed without a hearing. Combined, they cut assessed value from $4,831,600 to $4,074,100.

How the votes went

Twenty-two appeals decided: three assessments increased, two reduced, seventeen held unchanged.

From the published minutes.

Speaking at this meeting

Orange County's own rules for public comment — check them before you rely on anything here.

Agenda items (1)

Other · 1
  1. II Appeals Hearings
    Other Housing and affordabilityLand conversion and large developmentTax rate and revaluation
    Twenty-two appeals, mostly commercial and multifamily property in Chapel Hill and Hillsborough. Three assessments were raised on the county's recommendation, two were reduced and seventeen held. Ten of the unchanged appeals were one owner's parcels on Regent Place and Weaver Dairy Road.
    Three increased, two reduced, seventeen unchanged
    • 100 Carraway Xing · no matching parcel on file
    • 6086 W Ten Rd · no matching parcel on file
    • 101 Shadowood Dr · no matching parcel on file
    • 2701 Homestead Rd · no matching parcel on file
    • 113 Mayo St · no matching parcel on file
    • 600 S Churton St · no matching parcel on file
    • 222 Old Fayetteville Rd · no matching parcel on file
    • 430 N Greensboro St · no matching parcel on file

Agenda changes

What moved between published versions of this agenda. Item numbers shift constantly as things are inserted, so only genuine additions and removals are listed.

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