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<br />G.S. 105-317 Page 1
<br />Article 19.
<br />Administration of Real and Personal Property Appraisal.
<br />§ 105-317. Appraisal of real property; adoption of schedules, standards, and rules.
<br />(a) Whenever any real property is appraised it shall be the duty of the persons making
<br />appraisals:
<br />(1) In determining the true value of land, to consider as to each tract, parcel, or
<br />lot separately listed at least its advantages and disadvantages as to location;
<br />zoning; quality of soil; waterpower; water privileges; dedication as a nature
<br />preserve; conservation or preservation agreements; mineral, quarry, or other
<br />valuable deposits; fertility; adaptability for agricultural, timber-producing,
<br />commercial, industrial, or other uses; past income; probable future income;
<br />and any other factors that may affect its value except growing crops of a
<br />seasonal or annual nature.
<br />(2) In determining the true value of a building or other improvement, to consider
<br />at least its location; type of construction; age; replacement cost; cost;
<br />adaptability for residence, commercial, industrial, or other uses; past income;
<br />probable future income; and any other factors that may affect its value.
<br />(3) To appraise partially completed buildings in accordance with the degree of
<br />completion on January 1.
<br />(b) In preparation for each revaluation of real property required by G.S. 105-286, it
<br />shall be the duty of the assessor to see that:
<br />(1) Uniform schedules of values, standards, and rules to be used in appraising
<br />real property at its true value and at its present-use value are prepared and
<br />are sufficiently detailed to enable those making appraisals to adhere to them
<br />in appraising real property.
<br />(2) Repealed by Session Laws 1981, c. 678, s. 1.
<br />(3) A separate property record be prepared for each tract, parcel, lot, or group of
<br />contiguous lots, which record shall show the information required for
<br />compliance with the provisions of G.S. 105-309 insofar as they deal with
<br />real property, as well as that required by this section. (The purpose of this
<br />subdivision is to require that individual property records be maintained in
<br />sufficient detail to enable property owners to ascertain the method, rules, and
<br />standards of value by which property is appraised.)
<br />(4) The property characteristics considered in appraising each lot, parcel, tract,
<br />building, structure and improvement, in accordance with the schedules of
<br />values, standards, and rules, be accurately recorded on the appropriate
<br />property record.
<br />(5) Upon the request of the owner, the board of equalization and review, or the
<br />board of county commissioners, any particular lot, parcel, tract, building,
<br />structure or improvement be actually visited and observed to verify the
<br />accuracy of property characteristics on record for that property.
<br />(6) Each lot, parcel, tract, building, structure and improvement be separately
<br />appraised by a competent appraiser, either one appointed under the
<br />provisions of G.S. 105-296 or one employed under the provisions of G.S.
<br />105-299.
<br />(7) Notice is given in writing to the owner that he is entitled to have an actual
<br />visitation and observation of his property to verify the accuracy of property
<br />characteristics on record for that property.
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