HomeMy WebLinkAboutAgenda - 08-19-2008- 5dORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: August 19, 2008
Action Agenda
Item No.
SUBJECT: 2009 Revaluation -Schedule of Values
DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y/N) Yes
ATTACHMENT(S): INFORMATION CONTACT:
John Smith, 245-2101
Schedule of Values (Previously Provided
Under Separate Cover to the Board on
June 24, 2008)
PURPOSE: To conduct a public hearing on the schedule of values for the 2009 real property
revaluation.
BACKGROUND: At its meeting on June 24, 2008,. the Orange County Board of
Commissioners scheduled a public hearing for August 19, 2008 on the schedule of values for
the 2009 revaluation. The schedule of values, standards, and rules will be used to appraise all
real property in Orange County for the January 1, 2009 revaluation, and throughout the period
until a subsequent revaluation (scheduled for January 1, 2013) is conducted. The schedule of
values covers all components of real property that contributes to its value -both land and
improvements to that land.
In accordance with the North Carolina General Statutes requiring that the Assessor shall submit
the proposed schedules, standards, and rules to the board of county commissioners not less
than 21 days before the meeting at which they will be considered by the board, the proposed
2009 schedule of values was submitted on June 24, 2008. Adoption is scheduled for the
September 2, 2008 regular meeting of the Board of Commissioners. A copy of the schedule of
values is available for review in the County Assessor's Office.
The County Assessor will provide a brief presentation about the revaluation process and
respond to Board questions before the public hearing is formally conducted.
FINANCIAL IMPACT: There are no financial impacts associated with conducting the public
hearing.
RECOMMENDATION(S): The Manager recommends that the Board conduct the public
hearing as scheduled.