Orange County NC Website
These property records shall identify the physical <br /> features of the property appraised, and other factors having <br /> effect upon its value. The calculation of final values will <br /> be generally based upon unit rates as reflected in the <br /> schedules of values. (It should be remembered that these <br /> unit rates have been developed from analysis and <br /> consideration of all available data, and do not necessarily <br /> reflect only one approach) . The following illustration <br /> details the property record card used in the Orange County <br /> revaluation. <br /> PROPERTY RECORD CARD <br /> For the purpose of explanation and discussion the sample <br /> Property Record Card has been divided into 14 fields of <br /> reference. <br /> Field 1 <br /> Parcel identification and ownership field. <br /> This is legal information posted from county records and <br /> should not be altered by field appraisers. <br /> Field 2 <br /> Property transfer field. <br /> Indicates date when property was last sold, book and page <br /> number of transfer document, tax stamps purchased and <br /> validity of sales price indicated by stamps. <br /> Note: Stamps should indicate the total value involved in transfer. <br /> (Tax stamps were $1. 00 per $1000 of value prior to August 1, 1991 <br /> and changed to $2/$1000 on August 1, 1991) . <br /> Field 3 <br /> Appraiser identification field. <br /> Indicates number of cards involved in appraisal, appraiser's <br /> initials, and date of field inspection. <br />