Agenda - 05-18-2010 - 7a - Laserfiche WebLink

Browse Search

12 hundred percent (100%) of such values and the appropriate County median ratio, as established by the Sales Assessment Ratio Study compiled by the North Carolina Department of Revenue as of January 1, 2012. The taxes determined by applying this method will be collected and retained by the appropriate County Tax Collector. The value of such property shall then be revalued according to the regularly scheduled revaluation period for each County. (ii) The values established by the adjoining County Tax Administrators on all real property formerly taxed in their county shall be adopted by the appropriate County Tax Assessor upon the transition of property to the adjoining County. The valuation of such~,pr;~~erty shall then be revalued according to the regularly scheduled rev~lu~ton period for each County. (4) Beginning January 1, 2012, all prof boundary line, which is subject to ad valorem by the appropriate County Tax Admimshata for all other properly located in within each C (5) The final tax values of property sub by the resurvey of the boundary line as of J adjoining County Tax Admmrstrator „App~ Commission or to the courts by pro~er~y ow line change shall be defended by bot~'count%~ their costs and expenses, ~cluding attQrne; r~ ~:. appeals. ~ ~'~ areas affected by the resurvey of the m shall be_ listed, assessed, and taxed same manriei"as is prescribed by law to ad va(o_ rem taxation,n areas affected ty 1;-211, shall be determined by the `to the North Carolina `Property Tax r of)iioperties affected by the boundary d both counties shall be responsible for Res._ inclined-,in connection with such 3 .. r it (6) Any un~aidtaxes dt..~x liens forxthe fiscal-year'°ending June 30, 2011, or for prior years on proper ~' ~sublect ~o taxatt~ri _ur areas affected by the resurvey of the boundary hne;~shall coirtin~ue,~~o beRvalid and enforceable by the respective adjoining county, ucdudrtrg the foreclosure remedies provided for in G.S. 105-374 and G.S, 105- 375, ~nd_~:~the remeches' of attachment and g~rriishment provided for in G.S. 105-366 through~C~.S. 105-368 Thy Alaruanpe County and Orange County Tax Administrators shall supplyxone another'v~fh a list~of unpaid taxes as of July 1, 2011. Any such taxes collected by` either county shad be promptly paid to the appropriate adjoining county including accrued interest. The:"provisions of 105-352 (d) shall not apply to: Those areas in adjoining couri~y previously=taxed by either County outside the areas affected by the resurvey of the bounda'Ty iii%e; that shall forthwith be properly listed and taxed in the county to which they hav~;been annexed; and those areas within each county that were in the past improperly listed and taxed by the adjoining counties due to uncertainty as to the exact location of the true historic Alamance County Orange County boundary line. Under the discovery process, each County may waive any interest and penalties accrued for tax years 2006-2011, in its sole discretion. (d) No cause of action, including criminal actions, involving persons or property in areas affected by the resurvey of the boundary line which is pending on July 1, 2011, shall be abated, and such actions shall continue in the appropriate adjoining county. (e) The Board of Elections of each adjoining county shall immediately after July 1, 2011, transfer the voter regishation records pertaining to persons residing in areas affected by the resurvey of the boundary line and located in either county to the adjoining