Agenda - 09-02-2008 - 4e - Laserfiche WebLink

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E. LAND SCHEDULES AND GUIDES RURAL LAND SCHEDULE The following base price range reflects the general rates to be used in the appraisal/assessment of rural land in Orange County. All rural land value appraisals made in accordance with N.C. G.S. 105-286, 105-287, 105-317, and other applicable statutes shall be made in general conformity with this schedule. It is noted that this range, like all indicated ranges, is intended to serve as an appraisal guideline only, and that the accuracy of any appraisals made herewith shall be considered upon its/their compliance with the "Uniform Appraisal Standard" (N.C. G.S. 105-283) . Some tracts observed in the sales file have ditches, creeks, creek banks or roads, etc. These lands are a part of the total sales and therefore this influence is reflected in the base prices. Base prices for rural lands will typically range between $10, 000/Acre to $260, 000/acre. Base prices or base rates are the rates applied before adjustments for size. WASTELAND I: This land category is general non- Productive land, and will include but not be limited to: roads, ditches, creeks, runs, creek banks, right-of ways, easements, etc. (The conditions causing this land class to be non-productive is generally accepted as being non-corrective. ) Values will be adjusted accordingly. WASTELAND II: This land category is generally non- productive land because of a topographical condition. (This condition can usually be corrected with ditches, tile, modern technology, etc. (Marshland is an exception to the rule. ) Values will be adjusted accordingly. This land class selected by the Appraiser was dependant upon the land sales in the specific area. Values are dependant on a variety of factors which change in relative importance •