HomeMy WebLinkAboutAgenda - 09-09-2004 - 5cORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: September 9, 2004
Action Agenda
Item No. 5. C.
SUBJECT: Establish Public Hearing Date on 2005 Schedule of Values
DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y /N) No
ATTACHMENT(S):
INFORMATION CONTACT:
John Smith, ext 2101
TELEPHONE NUMBERS:
Hillsborough
732 -8181
Chapel Hill
968-4501
Durham
688 -7331
Mebane
336- 227 -2031-
PURPOSE: To schedule a public hearing on the "schedule of values" for the 2005 real property
revaluation.
BACKGROUND: Orange County will conduct its next revaluation of real property to take effect
January 1, 2005. The previous revaluation took effect on January 1, 2004. One of the statutory
requirements of a revaluation is that the Board of Commissioners must conduct a public hearing
on the schedule of values at least twenty -one (21) days prior to their adoption of the schedule.
The schedule of values allows the County Assessor and his staff to consider all of the various
factors which enter into the total market value of a piece of real property — for example, lot size;
square footage of living space; number of bedrooms and bathrooms; quality of construction and
materials; and physical depreciation, to name just a few.
The Assessor recommends that the Board establish a public hearing on the schedule of values
for Tuesday, October 5, 2004 at the F. Gordon Battle Courtroom in Hillsborough at
7:30 p.m. The Assessor further recommends that the Board plan to consider adoption of the
schedule of values at the November 3, 2004 regular meeting of the Board of Commissioners.
Following this schedule would support the Assessor's current plans to mail valuation notices to
property owners by mid - December.
During the next few months, the Assessor and his staff will undertake a public information effort
to promote better understanding among property owners of how the revaluation and appeals
processes work in North Carolina, with details of this effort to follow.
FINANCIAL IMPACT: None
RECOMMENDATION(S): The Manager recommends that the Board establish the public
hearing on the schedule of values for 7:30 p.m. on October 5, 2004 at the F. Gordon Battle
Courtroom in Hillsborough.