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HomeMy WebLinkAboutAgenda - 11-05-20; 6-a - Approval and Adoption of 2021 Reappraisal Schedule of Values 1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 5, 2020 Action Agenda Item No. 6-a SUBJECT: Approval and Adoption of 2021 Reappraisal Schedule of Values DEPARTMENT: Tax Administration ATTACHMENT(S): Order of Adoption INFORMATION CONTACT: Nancy T. Freeman, Tax Administrator Under Separate Cover: (919) 245-2735 2021 Schedule of Values On file in the Tax Administration Office and Clerk's Office and online at: https://www.oran pecountync.go v/878/Re v aluation PURPOSE: To approve and adopt the proposed 2021 Schedule of Values, authorize the Chair to sign the Order of Adoption for the 2021 Schedule of Values, and to direct staff to publish the appropriate advertisements. BACKGROUND: The proposed 2021 Schedule of Values was presented to the Board at the September 15, 2020 regular meeting. Immediately after, the Tax Administrator advertised in The Herald-Sun, News of Orange and News and Observer notice of the availability of the Schedule of Values for public inspection, and the date of the public hearing on the Schedule of Values. The Board held the public hearing regarding the Schedule of Values on October 6, 2020 regular meeting. These actions were taken in accordance of the North Carolina General Statute (NCGS) 105-317(c)(1) and (2). In addition, NCGS 105-317(c)(3) states: "When the board of county commissioners approves the final schedules, standards, and rules, it shall issue an order adopting them. Notice of this order shall be published once a week for four successive weeks in a newspaper having general circulation in the county, 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. The notice shall state: a. That the schedules, standards, and rules to be used in the next scheduled reappraisal of real property in the county have been adopted and are open to examination in the office of the assessor; and b. That a property owner who asserts that the schedules, standards, and rules are invalid may except to the order and appeal therefrom to the Property Tax Commission within 30 days of the date when the notice of the order adopting the schedules, standards, and rules was first published." 2 The timeline for the 2021 Reappraisal Schedule of Values adoption process is as follows: • September 15, 2020: Submission to Orange County Board of Commissioners • September 16 & 17, 2020: Advertise in newspapers • October 6, 2020: Public hearing on SOV • November 5, 2020: Adoption of SOV • November 6 & 11, 2020: Publish 1 st notice of adoption • November 13 & 18, 2020: Publish 2nd notice of adoption • November 20 & 25, 2020: Publish 3rd notice of adoption • November 27 & December 2, 2020: Publish 4th notice of adoption • December 5, 2020: Last day for taxpayer to appeal the SOV. FINANCIAL IMPACT: There is no Financial Impact associated with this item. SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated with this item. ENVIRONMENTAL IMPACT: There is no Orange County Environmental Responsibility Goal impact associated with this item. RECOMMENDATION(S): The Manager recommends that the Board approve and adopt the 2021 Schedule of Values and authorize the Chair to sign the attached Order of Adoption approving the proposed 2021 Reappraisal Schedule of Values and direct staff to publish in The Herald-Sun, News of Orange and News and Observer the proper advertisements concerning the notice of adoption. 3 ATTACHMENT 1 ORDER ADOPTING THE SCHEDULES OF RULES, STANDARDS AND VALUES FOR MARKET VALUE AND PRESENT-USE VALUE WHEREAS, pursuant to N.C.G.S. 105-286, all real property in Orange County will be reappraised in accordance with the provisions of N.C.G.S. 105-283 and N.C.G.S. 105-317 as of January 1, 2021; and WHEREAS, pursuant to the provisions of N.C.G.S. 105-317,the Tax Administrator submitted the proposed Schedules of Rules, Standards and Values for Market Value and Present-Use Value to the Board of County Commissioners on September 15, 2020; and WHEREAS, notice of submission to the Board of County Commissioners and the date of a required public hearing was advertised in the News of Orange on September 16, 2020, and News and Observer and Herald-Sun and on September 17, 2020; and WHEREAS, a public hearing on the proposed Schedules of Rules, Standards and Values was held on October 6, 2020; NOW,THEREFORE, IT IS ORDERED that the submitted Schedules of Rules, Standards and Values to be used in appraising all real property located in Orange County as of January 1, 2021 is hereby adopted. Notice of this order of adoption shall be published once per week for four consecutive weeks in the News of Orange, News and Observer and Herald-Sun.The adopted Schedules of Rules, Standards and Values shall be appealable to the State Property Tax Commission for thirty days, ending December 5, 2020. The adopted Schedules of Rules, Standards and Values is available for public inspection at the Orange County Tax Office, 228 S. Churton Street, Hillsborough, NC and the Clerk to the Board of Commissioners, 300 West Tryon Street, Hillsborough; and electronically on the Orange County website. So ordered this 5th day of November, 2020. Penny Rich, Chair Orange County Board of Commissioners