Orange County NC Website
6. Property Analysis. A property analysis when required in accordance <br /> with Paragraph 5 hereof. The property analysis shall list, identify, and <br /> classify as to ownership and type of improvement, all items of physical property <br /> considered to be part of the real property. The property analysis shall also <br /> identify tangible personal property located on the premises to the extent <br /> reasonably necessary to prevent misunderstandings as to what is regarded as 0 9 <br /> being real or personal property. Buildings including appurtenant movable <br /> building equipment, structures, other improvements, and fixtures, including <br /> their accessories and spare parts, shall be identified and classified as to <br /> ownership and type of property as follows: <br /> a. Ownership <br /> (1) Owner of the land <br /> (2) Each tenant in occupancy <br /> (3) Each nonoccupant owner of any fixtures or other improvements, <br /> or personal property on the premises. <br /> b. Type of property <br /> (1) Building, structure, or other fixed improvement <br /> (2) Building equipment, movable <br /> (3) Fixtures, classified as to whether economically movable <br /> for reuse, movable for salvage only, or immovable <br /> (4) Personal property, identified as to types and approximate <br /> amounts, or otherwise, as needed to obviate misunderstandings <br /> as to the classification of any item. <br /> If any building, structure, or other improvement, is not to be acquired, <br /> will not be adversely affected by the COUNTY'S project, and will not be required <br /> by the COUNTY to be removed, such as a pipeline in an easement not be•acquired, <br /> such improvement shall be identified as excluded from the appraisal. <br /> 7. Property Data. Description of the property, including information <br /> pertinent to the appraisal with respect to such matters as (a) the environment <br /> and location of the property, (b) the zoning and any restrictive covenants, <br /> conditions, or servitudes affecting the available use or occupancy of the land, <br /> (c) the assessed value of the real.property and the current annual real estate <br /> tax burden, (d) the use and occupancy of the property at time of appraisal, <br /> (e) the public improvements, services, and utilities serving and providing access <br /> to the property, (f) the character, topography, dimensions, and area of the land, <br /> (g) the freedom of the property from or susceptibility to special hazards, <br /> (h) the current rental and rental history of the property, if rented, (i) the <br /> estimated annual costs of ownership and for operation and maintenance of the <br /> property, and (j) a description of the buildings, structures, fixtures, and <br /> other improvements if any, appurtenant to the land, including relevant information <br /> as to type of improvement, designed use, construction materials and finish, <br /> equipment, dimensions, floor area, age, condition, space or room arrangement, <br /> functional utility, and any other characteristics or attributes of the improvements <br /> germane to the value of the real property. The appraisal report shall contain a <br /> sketch plat showing the shape and dimensions of the land, the location of the <br /> principal improvements on the land, the location of any easements in the land, <br /> and the abutting streets, alleys, or other public rights-of-way. The report <br /> shall also include such exterior and interior photographs, each clearly <br /> identified, as are appropriate as part of the description of the property. <br /> 8. Legal and Title Matters Affecting Value. Report of any official <br /> citations or personal observations by the APPRAISER of any condition or <br /> occupancy of the property in violation of law and any other legal or title <br /> matters affecting the available lawful uses or the value of the property. <br /> 9. Highest and Best Use. The APPRAISER'S opinion as to the highest and <br /> best use for the property. The appraisal reports shall also include the APPRAISER'S <br /> opinion as to any variations of such use and any other uses or kinds of use for <br /> which the property is reasonably suitable or adaptable. Any differences between <br /> the APPRAISER'S estimate of highest and best use and the actual use of the <br /> property at the time of valuation shall be explained. If the highest and best <br /> use is self-evident and not materially different from the actual existing use, <br /> a statement to that effect will suffice. However, if the property is unused <br /> vacant land or the highest and best use if found to differ significantly from <br /> -6- <br />