HomeMy WebLinkAboutAgenda - 10-15-1996 - 8c 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
Action Agenda
Item No. 8— C
ACTION AGENDA ITEM ABSTRACT
Meeting Date: October 15, 1996
SUBJECT: Adoption of Schedule of Values for 1997 Revaluation
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DEPARTMENT : Assessor PUBLIC HEARING: YES_NO X-
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ATTACHMENT(S) INFORMATION CONTACT:
John Smith, Jr., ext 2101
None TELEPHONE NUMBER
Hillsborough 732-8181
Chapel Hill 968-4501
Mebane 227-2031
Durham 688-7331
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PURPOSE: To consider adoption of the schedule of values, standards, and rules to be
used in appraising real property in Orange County effective January 1, 1997.
BACKGROUND: In accordance with the North Carolina General Statutes,the County
Assessor has submitted the proposed schedule of values, standards, and rules to be used
in appraising real property in Orange County effective January 1, 1997, and throughout
the period until a subsequent revaluation is conducted. Copies of this schedule of values
have been made available for inspection by the public in the Assessor's Office. The
Board conducted the required public hearing on the schedule of values at the October 1,
1996 regular meeting.
State statutes require that notice of the Board's order approving the schedule of values be
published once a week for four successive weeks with the last publication being not less
than seven days before the last day for challenging the validity of the schedules,
standards, and rules by appeal to the Property Tax Commission. Property owners who
feel that the schedule is invalid have 30 days within which to appeal from the first date of
publication of the notice of the order approving the final schedule of values. If there are
no appeals to the adopted schedule of values,the Assessor will be prepared to send out
1997 valuation notices to real property owners by early December.
RECOMMENDATION(S): The Manager recommends that the Board approve the final
schedule of values, standards and rules, and direct the Assessor to observe all statutory
requirements related to public notice about the schedule of values.