During the Durham County Board of County Commissioners (BOCC) Budget Work Session on May 20, 2025, officials discussed the implications of the recent property reappraisal and its impact on the county's tax base. The meeting highlighted the successful outreach efforts made by the Real Property Division, which conducted over 30 community sessions to inform residents about the reappraisal process. Feedback from property owners indicated satisfaction with the accessibility and customer service provided during this period.

The North Carolina Department of Revenue reported that Durham County achieved a median sales ratio of 100.2% and a weighted mean of 100%, reflecting the efficiency of the reappraisal process. However, concerns were raised regarding the stability of the tax base, particularly in light of a 30% reduction in total system value reported for 2023 and 2024. This reduction affects public service assessments and is contingent on market conditions and the timing of reappraisals.

Commissioners expressed worries about the significant reliance on residential properties, which make up approximately 92% of the county's tax base. This heavy dependence raises concerns about potential vulnerabilities, especially as economic trends indicate a rise in office vacancies and the possibility of businesses leaving the area. The discussion underscored the need for a balanced property tax base to ensure long-term financial stability for the county.

The meeting also addressed the anticipated number of property appeals, currently estimated at around 5,500, with the potential to reach 7,500. The outcome of these appeals could significantly impact budget revenue, as property owners may contest their valuations based on individual market conditions. The county is preparing for these appeals, which will be evaluated by the Board of Equalization and Review.

In conclusion, the BOCC's discussions during the budget work session highlighted critical issues surrounding property valuation, the health of the tax base, and the need for strategic planning to address potential economic shifts. As the county awaits further reports from the state, including those related to motor vehicle assessments, officials are tasked with navigating these challenges to maintain fiscal health and community support.