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8/22/2016 Article 19
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<br /> Article 19.
<br /> Administration of Real and Personal Property Appraisal.
<br /> § 105-317. Appraisal of real property; adoption of schedules, standards, and rules.
<br /> (a) Whenever any real property is appraised it shall be the duty of the persons making appraisals:
<br /> (1) In determining the true value of land, to consider as to each tract, parcel, or lot separately
<br /> listed at least its advantages and disadvantages as to location; zoning; quality of soil;
<br /> waterpower; water privileges; dedication as a nature preserve; conservation or preservation
<br /> agreements; mineral, quarry, or other valuable deposits; fertility; adaptability for agricultural,
<br /> timber-producing, commercial, industrial, or other uses; past income; probable future income;
<br /> and any other factors that may affect its value except growing crops of a seasonal or annual
<br /> nature.
<br /> (2) In determining the true value of a building or other improvement, to consider at least its
<br /> location; type of construction; age; replacement cost; cost; adaptability for residence,
<br /> commercial, industrial, or other uses; past income; probable future income; and any other
<br /> factors that may affect its value.
<br /> (3) To appraise partially completed buildings in accordance with the degree of completion on
<br /> January 1.
<br /> (b) In preparation for each revaluation of real property required by G.S. 105-286, it shall be the duty of
<br /> the assessor to see that:
<br /> (1) Uniform schedules of values, standards, and rules to be used in appraising real property at its
<br /> true value and at its present-use value are prepared and are sufficiently detailed to enable
<br /> those making appraisals to adhere to them in appraising real property.
<br /> (2) Repealed by Session Laws 1981, c. 678, s. 1.
<br /> (3) A separate property record be prepared for each tract, parcel, lot, or group of contiguous lots,
<br /> which record shall show the information required for compliance with the provisions of G.S.
<br /> 105-309 insofar as they deal with real property, as well as that required by this section. (The
<br /> purpose of this subdivision is to require that individual property records be maintained in
<br /> sufficient detail to enable property owners to ascertain the method, rules, and standards of
<br /> value by which property is appraised.)
<br /> (4) The property characteristics considered in appraising each lot, parcel, tract, building,
<br /> structure and improvement, in accordance with the schedules of values, standards, and rules,
<br /> be accurately recorded on the appropriate property record.
<br /> (5) Upon the request of the owner, the board of equalization and review, or the board of county
<br /> commissioners, any particular lot, parcel, tract, building, structure or improvement be actually
<br /> visited and observed to verify the accuracy of property characteristics on record for that
<br /> property.
<br /> (6) Each lot, parcel, tract, building, structure and improvement be separately appraised by a
<br /> competent appraiser, either one appointed under the provisions of G.S. 105-296 or one
<br /> employed under the provisions of G.S. 105-299.
<br /> (7) Notice is given in writing to the owner that he is entitled to have an actual visitation and
<br /> observation of his property to verify the accuracy of property characteristics on record for that
<br /> property.
<br /> (c) The values, standards, and rules required by subdivision (b)(1) shall be reviewed and approved by
<br /> the board of county commissioners before January 1 of the year they are applied. The board of county
<br /> commissioners may approve the schedules of values, standards, and rules to be used in appraising real property
<br /> at its true value and at its present-use value either separately or simultaneously. Notice of the receipt and
<br /> adoption by the board of county commissioners of either or both the true value and present-use value schedules,
<br /> standards, and rules, and notice of a property owner's right to comment on and contest the schedules, standards,
<br /> and rules shall be given as follows:
<br /> (1) The assessor shall submit the proposed schedules, standards, and rules to the board of county
<br /> commissioners not less than 21 days before the meeting at which they will be considered by
<br /> the board. On the same day that they are submitted to the board for its consideration, the
<br /> http://www.ncleg.netlgascri pts/statutes/statutelookup.pl?statute=105-317 1/2
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