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DEETmo DA7m November 16, 1962 <br /> subject; Real Esta e Sales Value Disclosure Statement <br /> set To provide a means' by which The Orange County Tax Supervisor can . <br /> have access to reliable information on which to evaluate property at <br /> its fair market %,,alue.. General Statute 105-303 (A) (2) provides a . <br /> .means for such an ordinance. ., _ <br /> Other coUrities within North Carolina have adopted such an!' : <br /> ordinance in the past pnd it tlas proven to be a most valuable tool . ' - . <br /> It is hoped that a state law will be enacted, in the near future, fd . <br /> Tequire a disclosure statement -but the postponed effectiVe date would . <br /> not'be in the beat ihterest of Orange County; . <br /> Need.: With the coming,' of possible State mandated horizontal adjustment and the closer <br /> scrutiny of assessment by the '-'''~~~'` the tuilities and the'= ""Val ur� Tax m uion of the NC Department of REvenue, the need for more <br /> . - . _ <br /> -- <br /> 1 reliable sal es information is absolutely necessary. '_ <br /> ' <br /> ' `� <br /> ' ' <br /> = . - <br /> , <br /> . . ' � <br /> ' This �s ,the Mast cost effective method to get the required ^ . <br /> Trr ; � <br /> fqrmatikSh. . ' <br /> . ` ' <br /> . <br /> � <br /> . ' <br /> ' ' _ -_ - -- _ - _ ' - -_- - ' _ _- _- <br /> RECOMMENDATION: Adoption should coincide with the implementation of the Central <br /> ' Records system on January l" 1983. <br /> ---'-- ' <br /> . <br /> . <br /> . <br /> . ' <br /> , � � <br /> . <br /> ' ' <br /> ! ' - ' ' ., . ����� <br />