HomeMy WebLinkAboutAgenda - 06-24-2008-4fORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: June 24, 2008
Action Agend~
Item No.
SUBJECT: Establish a Public Hearing Date and Submit the 2009 Schedule of Values
DEPARTMENT: Assessor PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
Schedule of Values (To Be Provided INFORMATION CONTACT:
Under Separate Cover at the June 24, John Smith, 245-2101
2008 in Preparation for August 19, 2008
Public Hearing)
PURPOSE: To schedule a public hearing on and submit the proposed "Schedule of Values" for
the 2009 real property revaluation.
BACKGROUND: Orange County will conduct its next revaluation of real property to take effect
January 1, 2009. The previous revaluation took effect on January 1, 2005. One of the statutory
requirements of a revaluation directs the Assessor to submit the proposed schedule, standards,
and rules to the board of county commissioners not less than 21 days before the meeting at
which they will be considered by the Board (the Assessor will deliver a copy of the Schedule of
Values to each Commissioner at the June 24, 2008 meeting.) The Schedule of Values allows
the County Assessor and 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 of County Commissioners establish a public hearing
on the submitted Schedule of Values for Tuesday, August 19, 2008 at the F. Gordon Battle
Courtroom in Hillsborough at 7:30 PM. The Assessor further recommends that the Board plan
to consider adoption of the schedule of values at the September 2, 2008 regular meeting of the
Board of County Commissioners. Following this schedule would facilitate and support the
Assessor's current plan to mail valuation notices to property owners by mid-December.
FINANCIAL IMPACT: None
RECOMMENDATION: The Manager recommends that the Board establish the public hearing
on the Schedule of Values for 7:30 p.m. on August 19, 2008 at the F. Gordon Battle Courtroom
in Hillsborough.