Orange County NC Website
Browse       Search
Personal Property Value of Proposed Development-This figure represents the total personal property value of <br /> the development and is based on their listing of equipment and other personal property. Based on this list, the <br /> assessor's office calculates a total value based on rate of depreciation. For an existing or proposed development, <br /> it is best to contact the assessor's office for this figure. Example - $611,453. <br /> Average Equalized Real Property Value - (Calculated Total Localized Real Property Value/Total Number of <br /> Land Parcels)-This figure is derived by dividing the total local equalized real property value by the total number <br /> of land parcels. The quotient is therefore the average equalized real property value per parcel. Example - <br /> $89,962. <br /> Average Nonresidential Equalized Real Property Value Per Parcel (Total Nonresidential Real Property <br /> Value/Total Number of Nonresidential Land Parcels) -This figure is derived by dividing the total nonresidential <br /> equalized real property value by the total number of nonresidential land parcels. The quotient is therefore the <br /> average nonresidential equalized real property value per parcel. Example - $408,786. <br /> Equalized Real Pro sert Value Avera.e Nonresidential Parcel To Avera.e Local P.rcel(Average Nonresidential <br /> Equalized Real Property Value Per Parcel/Average Equalized Real Property Value Per Parcel) -This figure is <br /> derived by dividing the average nonresidential equalized real property value per parcel by the average equalized <br /> real property value per parcel. This quotient represents the proportionate value of nonresidential to residential <br /> equalized real property value per parcel. In this example, the figure indicates that the average nonresidential <br /> property is valued at 4.54 times the average local property. <br /> Real Property Value of Facility to Average Nonresidential Real Property Value (Real Property(Market) Value <br /> of Proposed Development/Average Nonresidential Equalized Real Property Value Per Parcel) - This figure is <br /> derived by dividing the real property(market)value of the proposed development by the average nonresidential <br /> equalized real property value per parcel. In our example, this figure indicates that the real property value of the <br /> proposed development is 4.65 times the average nonresidential real property value. <br /> 6 <br />