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§ 105-325 CH. 105. TAXATION § 105-325 § 105-326 <br /> (1) To give effect to decisions of the Property Tax Commission <br /> on appeals taken under G.S. 105-324. <br /> (2) To add to the tax records any valuation certified by the d. <br /> Department of Revenue for property appraised in the first <br /> instance by the Department or to give effect to corrections <br /> made in such appraisals by the Department. <br /> (3) Subject to the provisions of subdivisions (a)(3)a and (a)(3)b, <br /> below, to correct the name of any taxpayer appearing on (b) The <br /> the abstract or tax records erroneously; to substitute the sor genera <br /> name of the person who should have listed property for the tion (a), <br /> name appearing on the abstract or tax records as having above. <br /> listed the property; and to correct an erroneous description (c) Orde <br /> of any property appearing on the abstract or tax records. the tax su <br /> a. Any correction or substitution made under the provi- that are r <br /> sions of this subdivision (a)(3) shall have the same to the P• <br /> force and effect as if the name of the taxpayer or de- <br /> 105-324(c <br /> scription of the property had been correctly listed in 193 ) <br /> the first instance, but the provisions of this subdivi- <br /> sion (a)(3)a shall not be construed as a limitation on <br /> the taxation and penalization Local 1%1 <br /> pe alization of discovered property 1981(Reg. <br /> required by G.S. 105-312. Legal F. <br /> b. If a correction or substitution under this subdivision procedural <br /> (a)(3) will adversely affect the interests of any tax- <br /> payer, he shall be given written notice thereof and an <br /> opportunity to be heard before the change is entered <br /> on the abstract or tax records. Board <br /> (4) To correct appraisals, assessments, and amounts of taxes may not <br /> appearing erroneously on the abstracts or tax records as informatior. <br /> the result of clerical or mathematical errors. (If the clerical supervisor': <br /> or mathematical error was made by the taxpayer, his <br /> agent, or an officer of the taxpayer and if the correction <br /> demonstrates that the property was listed at a substantial <br /> understatement of value, quantity, or other measurement, Listi' <br /> the provisions of G.S. 105-312 shall apply.) <br /> (5) To add to the tax records and abstracts or to correct the tax <br /> records and abstracts to include property discovered under <br /> the provisions of G.S. 105-312. § 105 <br /> (6) Subject to the provisions of subdivisions (a)(6)a, (a)(6)b, <br /> (a)(6)c, and (a)(6)d, below, to appraise or reappraise prop- <br /> erty when the tax supervisor reports to the board that, <br /> since adjournment of the board of equalization and review, (a) Al: <br /> facts have come to his attention that render it advisable to town shL <br /> raise or lower the appraisal of some particular property of 105-307 <br /> a given taxpayer in the then current calendar year. person r <br /> a. The power granted by this subdivision (a)(6) shall not pared ac <br /> authorize appraisal or reappraisal because of events or 105-310. <br /> circumstances that have taken place or arisen since , with the <br /> the day as of which property is to be listed. make pr <br /> b. No appraisal or reappraisal shall be made under the the sour <br /> authority of this subdivision (a)(6)unless it could have erty sub,' <br /> been made by the board of equalization and review (b) Rc <br /> had the same facts been brought to the attention of provides: <br /> that board. sions of <br /> cr If a reappraisal made under the provisions of this subdi- erty for <br /> vision (a)(6)demonstrates that the property was listed 105-30F.; <br /> at a substantial understatement of value, quantity, or stracts. <br /> 654 <br />