Orange County NC Website
155 <br />this methed will be eelleeted <br />tA-X eaviieEt9r— Tix°.e value <br />aeeer -ding `6-- is re <br />The values established <br />on all real property fofmer-ly <br />the be revalued aeeerding <br />by the <br />and retained appr-epr-iate eetHity <br />then be <br />of sueh pr-6pefty shall revalued <br />by the .,,Beim:,. a ,.ties' tam .,dm inist«„te, <br />-s <br />taxed in their- be <br />r-espeetive oeunty shall <br />to the °dined <br />r-egulafly a r-evalmAien <br />"SECTION 4 O On and after January 1 2012 all real and personal property in areas <br />affected by the resurvey of the boundM line which was subject to ad valorem taxation on <br />January 1 2012 shall be subject to ad valorem taxes in the county to which the property is <br />reassigned for the fiscal year beginning July 1 2012 to the same extent as it would have been <br />had it been correctly recognized by the tax departments of each county on March 1, 2012, <br />except as hereinafter provided with respect to classified registered motor vehicles. On July 1, <br />2011 the adjoining county tax administrators shall transfer to the respective county tax <br />assessors the ad valorem tax listings and valuations for all real and personal property subject to <br />ad valorem taxation in areas affected by the resurvey of the boundary line except classified <br />motor vehicles which were registered in the adioining counties prior to July 1, 2011. For the <br />Senate Bill 201* Session Law 2011 -88 Page 3 <br />NOW <br />s- <br />- <br />• <br />_ <br />YA_ A <br />"SECTION 4 O On and after January 1 2012 all real and personal property in areas <br />affected by the resurvey of the boundM line which was subject to ad valorem taxation on <br />January 1 2012 shall be subject to ad valorem taxes in the county to which the property is <br />reassigned for the fiscal year beginning July 1 2012 to the same extent as it would have been <br />had it been correctly recognized by the tax departments of each county on March 1, 2012, <br />except as hereinafter provided with respect to classified registered motor vehicles. On July 1, <br />2011 the adjoining county tax administrators shall transfer to the respective county tax <br />assessors the ad valorem tax listings and valuations for all real and personal property subject to <br />ad valorem taxation in areas affected by the resurvey of the boundary line except classified <br />motor vehicles which were registered in the adioining counties prior to July 1, 2011. For the <br />Senate Bill 201* Session Law 2011 -88 Page 3 <br />