Agenda - 06-05-2012 - 5a - Laserfiche WebLink

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12 1 said that this time if the values go down, the County will have to increase the tax rate to stay 2 revenue neutral for the County. This will yield the same result for citizens, except the motor 3 vehicle taxes will go up. She said that putting this off would mean that there would be more 4 data and a tax increase would be delayed. 5 Commissioner McKee said that revenue neutral does not equal tax neutral. 6 Commissioner Gordon said that her concern is with the equity. The reason to revalue is 7 to be fair. She asked if the issue was that there was not enough data to do a reliable 8 revaluation and Jenks Crayton said yes. 9 Commissioner Jacobs said that a year ago the Manager recommended not doing a 10 revaluation and the Board of County Commissioners decided to go ahead with the revaluation 11 in order to stay on the same schedule. He said that the data has taken him aback. He said 12 that it has been made clear to him that they need to delay the revaluation because the data 13 does not support moving forward with one. 14 Commissioner McKee said that the County should remain on a four-year cycle. 15 Chair Pelissier echoed Commissioner Jacobs' comments. She said that the revaluation 16 is not really about what the tax rate is, but it is really making sure that people are taxed 17 equitably relative to one another. The equity is a very important issue. 18 A motion was made by Commissioner Hemminger, seconded by Commissioner Jacobs 19 to approve the resolution establishing the year 2015 for the next general reappraisal of real 20 property in Orange County. 21 22 Commissioner McKee said that there will be a perception that while property values are 23 going up, Orange County is ready to go forward with a revaluation, but when property values 24 are decreasing, Orange County is not willing to go forward with this same procedure. 25 Commissioner Yuhasz said that he was in favor of doing the revaluation a year ago, but 26 now it is about equity. He is in favor of delaying it to 2015. 27 28 VOTE: Ayes, 6, No, 1 (Commissioner McKee) 29 30 A motion was made by Commissioner McKee to put the revaluation savings of$350,000 31 toward employee compensation. 32 There was no second. The motion failed. 33 34 Resolution Establishing the Year of the Next General Reappraisal 35 36 Whereas, Orange County conducted its most recent General Appraisal of Real Property 37 effective January 1, 2009; and 38 Whereas, the Orange County Board of Commissioners advanced its scheduled General 39 Reappraisal of Real Property to January 1, 2013, pursuant to North Carolina General Statute 40 (NCGS) 105-286 (a) (3); and 41 Whereas, after careful consideration, the Orange County desires to modify this 42 schedule to postpone the effective date of the next General Reappraisal to January 1, 2015, as 43 permitted by NCGS 105-286 (a) (3); and 44 Whereas, the Orange County Board of Commissioners also desires that the Orange 45 County Tax Administrator make an annual report to the Board regarding conditions in the 46 market for real property; 47 Now, Therefore, Be It Resolved, that the Orange County Board of Commissioners 48 does hereby postpone the effective date of the next General Reappraisal to January 1, 2015;