Schedule of Values

The Schedule of Values is a document used by Orange County to help ensure property values are assessed fairly and consistently.

It includes standardized valuation information used to determine the value of certain types of property during a revaluation.

What is the Schedule of Values?

The Schedule of Values is a guide that includes valuation tables, cost information, and adjustment factors. It helps the Tax Office apply consistent methods when valuing property.

This schedule supports fair assessments by providing a standard way to value property features such as:

Building types and construction quality
Square footage and property improvements
Depreciation factors (age and condition)
Land value schedules and neighborhood adjustments

The Schedule of Values is one tool used in determining a property’s assessed value. Market sales data and other factors are also considered.

When does it apply?

The Schedule of Values applies primarily during a countywide revaluation. Orange County conducts revaluations to update property values so they reflect current market conditions.

Once adopted, the Schedule of Values remains in effect until it is replaced by a new schedule during the next revaluation cycle.

Note: The Schedule of Values does not automatically change every year. It is updated as part of the revaluation process.

How is the Schedule of Values adopted?

The Schedule of Values is developed by the Orange County Tax Office as part of the revaluation process.

Before it is used, it must be reviewed and approved through a formal process that includes:

Review of sales data and local market conditions
Development of valuation models and schedules
Public review and discussion (when applicable)
Adoption by the Orange County Board of Commissioners

Once adopted, the schedule becomes the official valuation reference used for assessments during that revaluation cycle.

Download the Schedule of Values

You can view the current Schedule of Values here:

Schedule of Values (PDF)

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Frequently Asked Questions (FAQs)

Does the Schedule of Values set my property tax bill?

No. The Schedule of Values helps determine your property’s assessed value. Your tax bill is calculated by applying the tax rate set by the taxing jurisdictions (County, towns, school district, etc.).

Does the Schedule of Values mean every property is valued the same?

No. Properties are valued based on their individual characteristics. The Schedule of Values provides a consistent method, but factors such as location, condition, and property features can affect the final assessed value.

Why is the Schedule of Values important?

The Schedule of Values helps ensure that similar properties are assessed using the same standards. This supports fairness and consistency across the county.

Can I appeal my assessed value if I disagree with it?

Yes. If you believe your property value is incorrect, you may file an appeal during the appeal period. The Schedule of Values is one reference used during the review process.

For details, visit:

Appealing Your Value

Can I use the Schedule of Values to estimate my property value?

The Schedule of Values includes technical information and is not always easy to use without appraisal training. If you have questions, we encourage you to contact the Tax Office.

Does the Schedule of Values apply to personal property or motor vehicles?

The Schedule of Values is primarily used for real property (land and buildings). Business personal property and motor vehicles are valued using different methods.

Need help?

If you have questions about the Schedule of Values or how your property was assessed, we are happy to help.

Phone: (919) 245-2100
Email: tax@orangecountync.gov
Mail: Orange County Tax Office, P.O. Box 8181, Hillsborough, NC 27278
Visit: 228 S. Churton Street, Suite 200, Hillsborough, NC 27278