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156 <br />fiscal year which begins July 1, 2011, all real and personal property in areas affected by the <br />resurvey of the boundary line which was subject to ad valorem taxation in that area on January <br />1, 2012, shall be assessed and taxed as follows: <br />The ad valorem properly taxes assessed on all classified registered motor <br />vehicles registered or listed in adjoining counties between January 1, 2011, <br />and March 1, 2012, shall be collected by the appropriate adjoining county <br />tax collector, and all such taxes shall be retained by that adjoining county. <br />The taxes on all classified registered motor vehicles registered after March 1, <br />2012, shall be assessed and collected by the county tax department in the <br />county to which the real property wherein the classified registered motor <br />vehicles are situated has been reassigned. <br />(22,) The values established by the particular adjoining g ounty tax administrator <br />on all personal property other than classified registered motor vehicles shall <br />be used by each county tax assessor without adjustment in computing taxes <br />due for the fiscal year beginning July 1, 2012. All such taxes shall be <br />assessed and collected by the appropriate counly tax department. <br />For the interim time period between the reassignment of properties into their <br />respective counties and until such time as the next regularly scheduled <br />revaluation period, Alamance County and Orange County may select either <br />of two methods of valuating the pro e� reassigned into their respective <br />counties by this act. The selection of either method by a county shall not <br />give any individual or entijy Uounds for challenging such temporary <br />valuation. Such methods are delineated as follows: <br />a. The values established by the adjoining county tax administrators on <br />all real property formerly taxed in their county shall be adjusted by <br />the appropriate county tax assessor by applying the difference <br />between one hundred percent (100 %) of such values and the <br />appropriate county median ratio, as established by the Sales <br />Assessment Ratio Studcompiled by the North Carolina Departingnt <br />of Revenue as of January 1, 2009. The taxes determined by applying <br />this method will be collected and retained b the he appropriate county <br />tax collector. The value of such property shall then be revalued <br />according to the regularly scheduled revaluation period for each <br />coun1y. <br />b. The values established b theadjoinin county tax administrators on <br />all real property formerly taxed in their county shall be adopted by <br />the appropriate county tax assessor upon the transition of pro e�rtto <br />the adjoining county. The valuation of such property shall then be <br />revalued according to the regularly scheduled revaluation period for <br />each county. <br />L4,) Beginning January 1, 2013, all properly in areas affected by the resurvey of <br />the boundary line which is subject to ad valorem taxation shall be listed <br />assessed, and taxed b the appropriate county tax administrator in the same <br />manner as is prescribed by law for all other property located within each <br />coun . <br />(5) The final tax values of property subject to ad valorem taxation in areas <br />affected by the resurvey of the boundary line as of January 1 2013 shall be <br />deterimined by the adjoining g ounty tax administrator. Appeals to the North <br />Carolina Property Tax Commission or to the courts by property owners of <br />properties affected by the boundary line change shall be defended by both <br />Page 4 Session Law 2011 -88 Senate Bill 201* <br />