HomeMy WebLinkAboutAgenda - 11-06-2002 - 8g 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: November 6, 2002
Action Agenda
Item No.
SUBJECT: Property Value Changes
DEPARTMENT: Assessor's Office PUBLIC HEARING: (YIN) No
ATTACHMENT(S): INFORMATION CONTACT:
John Smith, ext. 2101
Resolution
10/31/02 Memo with 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 $1,154,049
for 2002. This will result in a net decrease in revenue of$16,762.56 to the County,
municipalities, and special districts.
RECOMMENDATION(S): The County Manager recommends that the Board adopt the
resolution approving the attached value change.
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
Orange County Tax Assessor's Office
PO Box 8181
Hillsborough, NC 27278
Orange County Tax Office
MEMORANDUM
TO: BOCC
FROM: John Smith, Jr., Assessor
SUBJECT: "The Summit" Subdivision
DATE: October 31, 2002
On January 2, 2002 "The Summit" subdivision was platted from a 3.79 acre
tract and a 30.16 acre tract. Mistakenly, the lots have been taxed as of 2002
when they should not have been taxed until the 2003 tax year. (Since the
plat was recorded after January 1, 2002 the property still existed as two
acreage tracts as of January 1, 2002. Taxation is based on the way a
property exists as of January 1St of each tax year.) The attachment lists the
tracts involved and indicates the old value and new value of each.
Should you have questions please call John Smith
732-8181 ext. 2101. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
`t
THE SUMMIT SUBDIVISION
PREVIOUS NEW
j TMBL TRACT# VALUE VALUE
4.45..4 4659401 223,339 0
4.45S..1 465941 36,935 0
4.45S..2 465942 36,045 0'
4.45S..3 465943 40,262 0
14.45S..4 465944 40,439 0
4.45S..5 465945 39,060 0
4.45S..6 465946 37,780 0
4.45S..7 465947 38,198 0
4.45S..8 465948 40,937 0
4.45S..9 465949 40,114 0
4.45S..10 465950 38,993 0
4.45S..11 465951 39,805 0
4.45S..12 465952 41,089 0
4.45S..13 465953 39,930 0
4.45S..14 465954 37,449 0
4.45S..15 465955 36,400 0
4.45S..16 465956 37,184 0
4.45S..17 465957 37,815 0
4.45S..18 465958 38,743 0
4.45S..19 465959 38,795 0
4.45S..20 465960 39,088 0
4.45S..21 465961 38,284 0
4.45S..22 465962 36,901 0
4.45S..23 465963 37,297 0
4.45S..24 465964 36,956 0
4.45S..25 465965 38,953 0
4.45S..26 465966 39,916 0
4.45S..27 465967 39,916 0
4.45S..28 465968' 41,210 0
4.45S..29 465969 40,387 0
4.45S..30 465970 39,416 0
4.45S..31 465971 39,060 0
A.45S..32 465972 38,902 0
!4.45S..33 465973 39,362 0
4.45S..34 465974 38,803 0
4.45S..35 465975 37,874! 0
4.45S..36 4659761 39,905 0
4.4S..26 402794 0 73,905'
4.4S..4 434745 0 393,588
1,621,542 467,493
$1,621,542 - $467,493 = Decrease in asssessed value of$1,154,049