HomeMy WebLinkAboutAgenda - 10-01-2002 - 8d t
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: October 1, 2002
Action Agenda
Item No. g—d
SUBJECT: Property Value Changes
DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y/N) EE71
ATTACHMENT(S): INFORMATION CONTACT:
John Smith, ext. 2101
Resolution
Spreadsheet TELEPHONE NUMBERS:
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
Mebane 336-227-2031
PURPOSE: To consider approving value changes made in property values after the 2002
Board of Equalization and Review has adjourned.
BACKGROUND: North Carolina General Statute 105-325(a) provides in part that "After the
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. 105-323, the board of
county commissioners shall have the authority to make changes on the abstract and tax
records." This section further enumerates the circumstances under which a board of
commissioners can make valuation changes.
The Orange County Board of Equalization and Review adjourned on June 20, 2002. 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 $14,637
for 2002. This will result in a net decrease in revenue of$244.62 to the County, municipalities,
and special districts.
RECOMMENDATION(S): The County Manager recommends that the Board adopt the
resolution approving the attached value changes.
2
NORTH CAROLINA
ORANGE COUNTY
VALUE CHANGE RESOLUTION.
Whereas,North Carolina General Statutes 105-325 empowers the Board of County
Commissioners to order changes to tax records after the Board of Equalization and Review has
adjourned;and
Whereas, the Board of Equalization and Review has adjourned for the year 2002.
NOW,THEREFORE,IT IS RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF ORANGE COUNTY THAT the recommended property tax value changes are
ordered.
Upon motion duly made and seconded,the foregoing resolution was passed by the following
votes:
Ayes: Commissioners
Noes:
I,Donna Baker,Clerk to the Board of Commissioners for the County of Orange,North
Carolina,DO HEREBY CERTIFY that the foregoing has been carefully copied from the recorded
minutes of the Board of Commissioners for said County at a regular meeting of said Board held on
said record having been made in the Minute Book of the minutes of said Board,and is
a true copy of so much of said proceedings of said Board as relates in any way to the passage of the
resolution described in said proceedings.
WITNESS my hand and the corporate seal of said County,this_day of
2002.
Clerk to the Board of Commissioners
VALUE CHANGES
Value Rate Financial Property
Name Map Ref Tract # Old Value New Value Difference Code Impact Description Reason for Adjustment
Choi, John 7.122K..11 761084 3941420 321 ,919 -72,501 21 -1 ,237.75 House Due to clerical error, incorrect square
footage was keyed.
Error corrected and value adjusted.
Durham, 011ie 7.86.D.5 7701801 4111780 398,775 -13,005 32 -212.88 Commercial Permit for improvements were issued to
wrong property address. Due to error
physical depreciation was adjusted
incorrectly on subject parcel.
Garner, Heneritta S. 3.35.B.1 301275 10,609 10,481 -128 03 -1 .09 House 101d house valued at $128 was removed
from this lot prior to January 1 , 2002
and should not have been listed for
taxes for the current year.
Inglis, Peter 4.45..41 463924 439,535 350x562 -883973 23 -1 ,292.34 Commercial Value was appealed to Property Tax
Commission. PTC adjusted square
footage on second floor to reflect actual
finished area.
Posey, Kimmy 4.53..81 457570 210,615 200,286 -10,329 23 -150.03 House House was remeasured at owner's request
As a result, house value was adjusted due
to incorrect heated square footage.
w
Gossman F. Joseph 4.4413..5 438272 1481352 0 -148,352 23 -2,154.81 Church Property purchased June 2001 from
Property a non-exempt entity. Application
for exemption approved for 2002 but
exempt status was not keyed and tax bill
was generated in error.
Yamagishi, Kenji 4.45..143 462588 339869 190,864 1560995 23 2,280.36 House New house was completed prior to
01/0112002, but omitted from listing
and tax notice for 2002. Notice corrected
to include house value.
Pearson, Drusilla 7.122D..7 742280 179510 121 ,647 1049137 22 1,640.15 }louse & Lot House and Lot was split and billed
separately in error when purchased by
Community Land Trust Company in
March 2002. Lot and house
should be billed to Drusilla Pearson
who was the 01/01102 owner.
Nicks, Lula 7.84.C.12 767016 0 623864 62,864 22 990.11 Land & Land split missed by Land Records.
House Tract #704799 split into two tracts.
Tract #767016 & # 767017.
Farlow, James R. 7.84.C.12A 767017 0 25,100 25,100 22 395.32 Land & Land split missed by Land Records.
Outbuilding Tract # 704799 split into two tracts.
Tract # 767016 & # 767017.
Neville, Evelyn 7.22.:4G 757937 46,181 45,010 -13171 11 -12.42 Old House Old house torn down in 1992. Released
for current year. Will be refunded for
five (5) years as allowd by General
Statutes.
Totals: 14,637 244.62