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HomeMy WebLinkAboutAgenda - 06-04-2002 - 8e ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 4, 2002 Action Agenda Item No. $—Q- SUBJECT: Property Value Changes DEPARTMENT: Assessors Office PUBLIC HEARING: (YIN) Ng ATTACHMENT(S): INFORMATION CONTACT: John Smith, ea. 2101 Resolution Spreadsheet TELEPHONE NUMBERS: Hillsborough 73243181 Chapel Hill 96841601 Durham 888-7331 Mebane 3364U!74031 PURPOSE: To consider approving value changes made in pmperty values after the 2001 Board of Equalization and Review has adjourned. BACKGROUND: North Carolina General Statute 105325(a) provides in part that"Afterthe 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. 105323, the board of county commissanere shalt have the authorty in make changes on the abstract and tax rei This section former enumerates the circumstances underwhlch aboard of commissioners can make valuation changes. The Orange County Board of Equalization and Review adjourned on July 26, 2001. Since that time, staff has identified the need to change values as indicated on the attached spreadsheet, In accordance with the statutory provisions. FINANCIAL IMPACT: Approval of these changes will decrease assessed value by$204,298 for 2001. This will result in a net decrease in revenue of$2,845.70 to the County, municipalities,and special dishints. RECOMMENDATION(S): The County Manager recommends that me Boartl adopt the resolution approving the attached value change. NORTH CAROLINA ORANGE COUNTY VALOECHANGERESOLVTION Wbeaeua,Nmth Carolwa Gmead SnNcea 105 325 unpuctu to HOW of County Cwwuvwma to aNm,haages to tax recoaN w1al the Sued of Faryalvadw and Review has aejamaed,and where.. weBama arERnm�mdwaaaRew�.h.aadiwmed rm we y.a<xool. NOW,THEREFORE,IT IS RESOLVED BY THE BOARD OF COONIY CONEMISSIONERS OF ORANGE COUNTY THAT to rNonnaeaaed pwpvty to ralw c1no,F,an arderm. Upon motion duly made and seconded,the firegoms ruddion was passed by ahe fallawmg Ayea: Commi®ware _..._ Now: C,Beverly A.Blythe,Clerk to the RCm,a of COmmieeionere for the County of Chadic,NaM Canines,DO HEREBY CBRTffY that the raregavm lusb o,vw,Po11Y copied Dom the recorded minutes of the Hand ofC'ammnscoets Wa sad Cowy at s vgalar m Oing of eaidP MMM On sad record having hem med,m Use Ntiawe Book of We Incomes of sad Boa d,and u ame copy of so much of said pwaedinge If and Hood as relates w my NOW the pmsage of the malutiw dmm3el is svd pmceedwgs. tVHHBSS my 6ayd and ties v'oryomte ceal ofaaid Cowry,thu daY Of_,_„_� xWx. Clerkw Ne BOardofCowrvwtioneo a VALVECHANGEs Value RaeFinancial Pmporty Nam Nap Ref TraGA IDW Volw New Velue Di f noo Code Impact Description Reason for Aduslmenr _ Hdnen,Gau Jr. ].11]_150 236197! 142396 74,4731 -57.923 04 -73731 Aduse Wrong Bruising llsbtl on this tract. Should be singlewltle mango home with addition, treated as real prodony. Comial Gun Bho WA N/A 12000 0 12.000 23 -1606 Business Double listed Listedincorrectlyes Personal Calonol Gunshop Laletl carec0y as Propery Counsel Ac umbun, LLL. CM1 IHYIPodiatry WA NIA 16000 0 -16.000 22 -9525 Busness Assessedinerra. Was"ofbusiness _ Penonal prlortd Ol N1/01. Properly Lend Grading WA N/A 150000 125000 -25A00 10--:43-457 Business Business personal property d'ssavered For Parsona wyearainewhor. Businessbeganm Propsoly 1996,and should have been dsmvared W five(5(years only_ Sunnae HeeM Caza NlA N/A 03375 0 -03,3]51 04 -1229.9] BusMss Double billed because nunumess changed! - Personal names and lislad untlarwo searale PropenY accounts. -201,290001 3,045.]0