Orange County NC Website
ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 2, 2008 <br /> Action Agenkla <br /> Item No. -� <br /> SUBJECT: Adoption of Schedule of Values for 2009 Revaluation <br /> DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y/N) No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> John Smith, 245-2101 <br /> None <br /> PURPOSE: To consider adoption of the schedule of values, standards, and rules to be used in <br /> appraising real property in Orange County effective January 1, 2009. <br /> BACKGROUND: In accordance with the North Carolina General Statutes, the County Assessor <br /> has submitted the proposed schedule of values, standards, and rules to be used in appraising <br /> real property in Orange County effective January 1, 2009 and throughout the period until a <br /> subsequent revaluation is conducted. Copies of this schedule of values have been made <br /> available for inspection by the public in the Assessor's Office. The Board conducted the <br /> required public hearing on the schedule of values at the August 19, 2008 regular meeting. <br /> State statutes require that notice of the Board's order approving the schedule of values be <br /> published once a week for four successive weeks with the last publication being not less than <br /> seven days before the last day for challenging the validity of the schedules, standards, and <br /> rules by appeal to the Property Tax Commission. Property owners who feel that the schedule is <br /> invalid have 30 days within which to appeal from the first date of publication of the notice of the <br /> order approving the final schedule of values. If there are no appeals to the adopted schedule of <br /> values, the Assessor will be prepared to send out 2009 valuation notices to real property <br /> owners by November. <br /> FINANCIAL IMPACT: None <br /> RECOMMENDATION(S): The Manager recommends that the Board adopt the final schedule <br /> of values, standards and rules, and direct the Assessor to observe all statutory requirements <br /> related to public notice about the schedule of values. <br />