Agenda - 10-06-1986 - Laserfiche WebLink

Browse Search

UKANUt LUUIY1T S BOARD OF COMMISSIONERS _ ACTION AGENDA - - - ACTION AGENDA ITEM ABSTRACT ITEM NO..GF. ' - MEETING DATE' October 6, 1986 5 . . SUBJECT: Approval of the•Schedule of Values, Stanndards and Rules • DDEPARTMENT:r PUBLIC HEARING: YES x .NO ATTACHMENTS) INFORMATION CONTACT: Kermit Lloyd - - 1987 Revaluation Manual and PHONE NUMBERS: HILLSBOROUGH 732-8181 - Schedule of Values • HILLSBOROUGH - 732-9361 • . - _ Ext 420 CHAPEL HILL - 967-9251 - { . • • MEBANE --227--2031- ' - ' DURHAM - 688-7331 PURPOSE: GS 105-317(c) (c) The schedules of values, standards, and rules required by subdivision (b)(1), above, shall be reviewed and approved by the board of county commissioners before they are used. When the board of county commissioners approves the schedules, standards, and rules, it shall issue an order adopting them and shall cause a copy of the order to be published in the form of a notice in a newspaper having general circulation in the county, stating in the notice that the schedules, standards, and rules to be used in the next scheduled reappraisal of real property have been adopted and that they are open to examination by any property owner of the county at the office of the tax supervisor for a period. of 10 days from the date of publication of the notice. (1) Any property owner of the county (separately or in conjunction with other property owners of the county) asserting that the schedules, standards, and rules adopted by the board of county commissioners under the provi- sions of this section fail to meet the appraisal standard established by G.S. 105-283 may except to the order and appeal therefrom to the Property Tax Commission at any time within 30 days after the date of the publication of the adoption order by filing a written notice of the appeal with the clerk of the board of county commissioners and with the Property Tax Commission. At the time of filing the notices of appeal,. the appellant or appellants shall file with the clerk of the board of county commissioners and with the Property Tax Commission.a written statement of the grounds of appeal. Upon timely appeal, the Property Tax Commission shall proceed under the provisions of G.S. 105-290(c). (2) The appeal procedure provided herein shall be the exclusive administrative means for challenging the order of the board of county commissioners adopting schedules, standards, and rules under this section. NEED: The purpose of the schedule of values is to provide a means by which all data on all properties, both during the revaluation and until the next revaluation, can be uniformly used to produce values that are equitable for the duration of the revaluation cycle. The schedule covers both land and improvements thereon. The schedule of values, being presented to you, were developed by the Orange County Tax Supervisor and his staff with the exception of the Use Value Schedule. This schedule covers all components of property that contributes to the value of.' any property found in Orange County. When used by a competent appraiser, this schedule will produce true and equitable values. It is also designed to help train any new appraisers as the need might arise. (con't)