Agenda - 12-15-1987 - Laserfiche WebLink

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ORANGE COUNTY TAX SUPERVISOR'S OFFICE 208 SOUTH CAMERON STREET HILLSBOROUGH, NORTH CAROLINA 27278 HERMIT LLOYD November 17, 1987 Tax Supervisor Patricia Bains c/o Caldwell Bankers 580 El Camino Real San Carlos, Calif 94070 Dear Ms. Bains: This is a follow-up to our conversation in my office on Tuesday of this week. Hopefully the following explanation will clarify the procedures involved in the administration, assessment, and appeals of property values. The 1987 Orange County Revaluation of real property was conducted in accordance with the guidelines, standards, and procedures regulated by Subchapter II, Chapter 105 of the General Statutes of North Carolina governing the listing, appraisal and assessment of property for ad valorem taxation. The purpose of a countywide revaluation is to adjust the value of real property to the current market value as prescribed by Section 105-283 of the General Statutes mandating uniform appraisal standards. Each property owner received a Notice of Value advising them of the adjusted value of their property effective January 1, 1987. The notice advised the recipient to contact the Tax Supervisor's office to review the appraisal within ten (10) days from the date of the notice if they had reason to believe the appraisal did not represent the true market value of their property. Section 105-296(1) of the General Statutes allows the Tax Supervisor the authority to change an appraisal for good cause if he believes the evidence warrants a change. The Tax Supervisor has this authority during the current year prior to the first meeting of the County Board of Equalization and Review. If a property owner is not satisfied with the Tax Supervisor's decision they may appeal to the county Board of Equalization and Review, which must convene between the first Monday in April and not later than the first Monday in May, as prescribed by Section 105-322(e) of the General Statutes. Once. the Board of Equalization and Review convenes, the Tax Supervisor no longer has the power to make changes and the power passes to the Board. The Board then has the authority to make changes as appropriate and may hear appeals through June 30 of the current year. Every appellant is notified in writing of the decision rendered by the Board and advised that if they wish to 'appeal the Board's decision they must request an appeal to the state Property Tax Commission within thirty (30) days from the date of the Board's notification. (General Statute 105--324(b)). After June 30, 1987 no one at the county level has the authority to change a property value except the Board of County Commissioners, and then