Loading...
HomeMy WebLinkAboutAgenda - 06-16-2009 - 4fORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 16, 2009 Action Agen a~ Item No. ~~- SUBJECT: Prope Value Chan es DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Resolution Spreadsheet INFORMATION CONTACT: John Smith, 245-2101 PURPOSE: To consider approving changes made in property values after the 2008 Board of Equalization and Review has adjourned. BACKGROUND: North Carolina General Statute 105-325(a) provides in part that "After the board of equalization and review has finished its work and the changes it affected or ordered have been entered on the abstracts and tax records as required by G.S. 105-323, the board of county commissioners shall have the authority to make changes on the abstract and tax records." This section further enumerates the circumstances under which a board of commissioners can make valuation changes. The Orange County Board of Equalization and Review adjourned on June 11, 2008. Since that time staff has identified the need to change values as indicated on the attached spreadsheet in accordance with statutory provisions. FINANCIAL IMPACT: Approval of these changes will decrease assessed value by $4,760 for 2008. This will result in a net decrease in revenue of $20.88 to the County, municipalities, and special districts. For FY 2008/2009, the total net reduction in revenues is $65,483.72. RECOMMENDATION(S): The Manager recommends the Board adopt the resolution approving the attached value changes. NORTH CAROLINA ORANGE COUNTY VALUE CHANGE RESOLUTION Whereas, North Carolina General Statutes 105-325 empowers the Board of County Commissioners to order changes to tax records after the Board of Equalization and Review has adjourned; and Whereas, the Board of Equalization and Review has adjourned for the year 2008. NOW, THEREFORE, IT IS RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF ORANGE COUNTY THAT the recommended property tax value changes are ordered. Upon motion duly made and seconded, the foregoing resolution was passed by the following votes: Ayes: Commissioners Noes: I, Donna Baker, Clerk to the Board of Commissioners for the County of Orange, North Carolina, DO HEREBY CERTIFY that the foregoing has been carefully copied from the recorded minutes of the Board of Commissioners for said County at a regular meeting of said Board held on said record having been made in the Minute Book of the minutes of said Board, and is a true copy of so much of said proceedings of said Board as relates in any way to the passage of the resolution described in said proceedings. WITNESS my hand and the corporate seal of said County, this day of , 2009 Clerk to the Board of Commissioners VALUE CHANGES (GS 105-325) June 16, 2009 Value Rate Financial Property Name Map Ref Tract # Old Value New Value Difference Code Impact Description Reason for Adjustment Daryl & Celestine Smith Acct 306608 6,760 2,000 -4,760 15 -20.88 Personal ProF Value Change is for 2008 Clerical Error. Owner appealed timely. Field inspection revealed additional depreciation. -4,760 -20.88 z ~ NORTH CAROLINA ORANGE COUNTY VALUE CHANGE RESOLUTION Whereas, North Carolina General Statutes 105-325 empowers the Board of County Commissioners to order changes to tax records after the Board of Equalization and Review has adjourned; and Whereas, the Board of Equalization and Review has adjourned for the year 2008. NOW, THEREFORE, IT IS RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF ORANGE COUNTY THAT the recommended property tax value changes are ordered. Upon motion duly made and seconded, the foregoing resolution was passed by the following .,~,rP~• Noes: I, Donna Baker, Clerk to the Board of Commissioners for the County of Orange, North Carolina, DO HEREBY CERTIFY that the foregoing has been cazefully copied from the recorded minutes of the Boazd of Commissioners for said County at a regular meeting of said Board held on a' record having been made in the Minute Book of the minutes of said Boazd, and is true copy of so much of said proceedings of said Boazd as relates in any way to the passage of the resolution described in said proceedings. WITNESS my hand and the corporate seal of said County, this day of 2009 ®t~a~ e~~d~~ _ Fi ~ ~ Board of Commissioners ~~.• a c