Orange County NC Website
15 <br /> 1 Chris McLaughlin said that property tax rates must be uniform within a jurisdiction and <br /> 2 that there cannot be different rates for owner-occupied properties versus investor-owned <br /> 3 properties. He said they are not allowed to be creative with rates. He said that the only <br /> 4 exception is a special service district. He said those are identified and additional property taxes <br /> 5 are levied in that district for additional services. He said that within those districts there must be <br /> 6 uniformity on all properties. <br /> 7 <br /> 8 Slide #5 <br /> Appraisal2. "True Value" <br /> 9 <br /> 10 Chris McLaughlin said this is the goal of an appraisal. <br /> 11 <br /> 12 Slide #6 <br /> "True Value"' <br /> § 7.05-283. Uniform appraisal standards. <br /> All property, real and personal, shall as far <br /> as practicable be appraised or valued at its <br /> true value in money. <br /> 13 <br /> 14 <br /> 15 Slide #7 <br /> 3. Limitations on Tax Waivers/Refunds <br /> 16 <br />