Orange County NC Website
Browse       Search
ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: November T, 2001 <br />Action Agentla <br />Item No. $-E <br />SUBJECT: Prop aM/Value Changes <br /> <br />DEPARTMENT: Assessors Office PUBLIC NEARING (1'M) No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />John Smith, ezl. 2101 <br />Resolution <br />Bpreatlsheet TELEPHONE NUMBERS: <br />Hillsberou9h 7323181 <br />Chapel Rill 9884501 <br />Durham 686-7331 <br />Mebane 336.2273051 <br />PURPOSE: To mnsitler approving value changes matle in pmpeity values after the 2001 <br />BoaN of Equalization and Review has etljoumetl. <br />BACKGROUND: Nodh Carolina General Statute l0&325(a)provitles in pad that'ABer the <br />board of equalizatbn aM review has finishetl its work end the changes h affected or oMeretl <br />have been entered on the abstracts antl tax recoNS as requiretl by G.B. 105-323, the board of <br />count' commissioners shall have the authority W make changes on the ebatmd and tax <br />recoMS." This section further enumerates fiat Groumatences antler which a board of <br />cemmisaioners can make valueuon changes. <br />the Orange County Boartl of Equalization and Review adpumed on July 26, 2001. Since that <br />time, staff has itlentifietl a number of changes to the values of specific propertlaa which can antl <br />should be made, in accoMence wfih [he statutory provisions. <br />FINANCIAL IMPACT: Approval of Mese changes will tlecrease assessetl value by $69,808 far <br />2001. This will result in a net tlecrease in revenue of $4,140.48 m the County, munkipal¢ies, <br />antl special tlistncts. <br />RECOMMENDATION(S(: The County Manager recommentls 8iat the BOaN atlopt the <br />resolution approving the akachetl value changes. <br />