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HomeMy WebLinkAboutAgenda - 01-18-2000 - 8dT d ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. I- ACTION AGENDA ITEM ABSTRACT Meeting Date: January 18, 2000 SUBJECT: Property Value Changes ------------------------------------------------------------------------------------------------------------ DEPARTMENT: Assessor's Office PUBLIC HEARING: YES NO X ATTACHMENT(S): Value Change Resolution Spreadsheet INFORMATION CONTACT: John Smith, Jr., ext 2101 TELEPHONE NUMBER Hillsborough 732-8181 Chapel Hill 9684501 Mebane 227-2031 Durham 688-7331 ------------------------------------------------------------------------------------------------------------- PURPOSE: To consider approving value changes made in property values for 1999 after the 1999 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 enumerates the circumstances under which a board of commissioners can make valuation changes. The Orange County Board of Equalization and Review adjourned on June 17, 1999. Since that time, staff have identified a number of changes to the values of specific properties which can and should be made, in accordance with the statutory provisions. Those changes are summarized in the attached spreadsheet. FINANCIAL IMPACT: Approval of these changes will reduce assessed value by $491,645 for 1999. This will result in a net reduction in revenue of $5,274 to the County, municipalities, and special districts. RECOMMENDATION: The 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 this year. 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, Beverly A. Blythe, 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 , 2000. Clerk to the Board of Commissioners -i At I I I r I I I I i I ? ' I? ? I? ? C I ? I ? i rQ I I I I I N N I T 1 I A ' Q I rte^,, W I I? ? I I la I O I I I a) o I I rL -O ? I I I 1 v' Sr) a 8 ?I I '.' N vi y ?I r 1 c M Vj E o ICV n N,I c] -0 (D 1 U a CI 4 ?-I V r y'd C a 0 ', U () o 1 x l a O U .C ca ?I o r C 1 O N t 41 CI C'. C ? 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