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<br />(a) On and after July 1, 2011, all papers, documents, and instruments required or
<br />permitted to be filed or registered, involving residents and property in areas affected by
<br />the resurvey of the boundary line, which previously may have been recorded in the
<br />adjoining counties shall be recorded in the county to which the property has been
<br />annexed.
<br />(b) All public records related to residents and property in areas affected by the
<br />resurvey of the boundary line, which were filed or recorded prior to July 1, 2011, in the
<br />adjoining counties, shall remain in those respective adjoining counties where filed or•
<br />recorded, and such records shall be valid public records as to the property and persons
<br />involved even though they are recorded in an adjoining county which is, a county where
<br />the property is no longer located as evidenced by the ,208 North Carolina Geodetic
<br />Survey and the subsequent partial resurvey pursuant to•section 7 of this act.
<br />(c) On and after July 1, 2011, all real and personal property in areas affected by
<br />the resurvey of the boundary line, which was subJectto ad'valorem taxation on January 1,
<br />2011, shall be subject to ad valorem taxes in the>county to which the property is annexed
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<br />for the fiscal year beginning July 1, 2011, tQ tlxe,=`same extent as it,would have been had it
<br />been correctly recognized by the tax de~arl~nents of each cornty on January 1, 2011,
<br />except as hereinafter provided with respecfao•,„classified.. registered motor vehicles. On
<br />July 1, 2011, the adjoining County Tax Admrpistratots 7sha11 transfer,to~•the respective
<br />County Tax Assessors the ad valbxem_tax listings and`uv~luations for all iea~ and personal
<br />property subject to ad valorem taxation m areas affecfed,by the resurvey of the boundary
<br />line except classified motor vehrcles whreh ~~igre registered in the adjoining counties prior
<br />to July 1, 2011. For the fiscal year`~~hich`liegzns July ~l, 2011, all real and personal
<br />property in areas a~ eted b~ the resurt~e~, of t}~e bounc~uy Irr~e; which was subject to ad
<br />valorem taxation in tllafarea on~~uaiy 1, 201 ~shal~~b~,assessed and taxed as follows:
<br />f F } k _. 3 :f.. ~Y
<br />(1) The ad Valorem pr~itrerty taxes assessed on all classified registered motor
<br />vehicles regrstered or `lrsted m adJorxting coriiittes between January 1, 2011, and June 30,
<br />2011, shall be'~eollected by~'the appoprrate a~ijozn ing county tax collector and all such
<br />taxes shall~he r"etaned,_by ~h~tradjoimng cou~~%: The taxes on all classified registered
<br />motortve~icles regrstered~,paftei Jrne 30, 2011`, shall be assessed and collected by the
<br />County T,~X Department` the couu to which the real property wherein the classified
<br />registeredinotox velvcles aces(tuated~li~s been annexed.
<br />(2) The values established by the particular adjoining County Tax Administrator
<br />on all personal pr`pperty other #~ran classified registered motor vehicles shall be used by
<br />the each County Tax, Assessor~without adjustment in computing taxes due for the fiscal
<br />F ,~.:-~
<br />year beginning July 1;01=1. All such taxes shall be assessed and collected by the
<br />appropriate County Tax Department.
<br />(3) For the interim time period beriveen the annexation of properties into their
<br />respective counties and until such time as the next regularly scheduled revaluation period,
<br />Alamance County and Orange County may select either of t<vo methods of valuating the
<br />property annexed into their respective counties by this act. The selection of either
<br />method by a County shall not give any individual or entity grounds for challenging such
<br />temporary valuation. Such methods are delineated as follows:
<br />(i) The values established by the adjoining County Tax Administrators on
<br />all real property formerly taxed in their county shall be adjusted by the
<br />appropriate County Tax Assessor by applying the difference between one
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