The Daily Bulletin: Monday, March 4, 2013
UNC
iOVERNMENT
Published on Legislative Repotting Service ( http:/
/
lrs.sog.unc.edu)
The Daily Bulletin: Monday, March 4, 20 13
PUBLIC/ HOUSE BILLS
H 200 (2013-2014) REQUIRE CERTAIN GENERAL REAPPRAISALS. Filed Mar 4 2013. A BILL TO BE ENTITLED AN ACT
TO CORRECT GENERAL REAPPRAISALS RESULTING IN PROPERTY VALUES THAT DO NOT COMPLY WITH THE
REQUIREMENTS OF NORTH CAROLINA LAW BY SETTING FORTH THE STEPS REQUIRED TO BRING THE GENERAL
REAPPRAISAL INTO COMPLIANCE WITH THE APPLICABLE PROPERTY TAX MANDATES.
Directs boards of county commissioners to either ( 1) conduct a reappraisal, by no less than one appraise: certified by
the Department of Revenue (DOR) for mass valuation per 4,250 parcels, within 18 months, applicable to all tax years
from and including the tax year when the last general appraisal was performed, or (2) have a qualified appraisal
company conduct a total review of all the values in the county by neighborhood and make recommendations as to the
true value of the properties as of J anuaiy 1 of the year of the last general review, when all of the following conditions
are met:
(1) County has independent, corroborating evidence that the majority of commercial neighborhoods in the county
have significant issues of inequity in valuations.
(2) County has independent, corroborating evidence that residential neigborhoods have instances of inequity or
erroneous data that had significant impact on the valuation of the neighborhood.
(3) County's last general reappraisal was performed for the 2008, 2009, 20 10, 2011, 20 12 tax year.
(4) The independent, corroborating evidence came from a review performed by a qualified appraisal company selected
and retained by the county and registered with the DOR and had a sample size of no less than 375 properties.
Directs boards of commissioners to, after the above review or reappraisal is completed, make any change to property
abstracts and tax records needed to ensure that assessed values of incorrectly appraised properties in the county
reflect the true values, effective the year of the last general reappraisal, applying the adjusted values for each tax year
until the next general reappraisal, unless those values are changed pursuant to GS 105-287.
The changes noted above will be prioritzed as follows:
(1) Adjustments to parcels with errors that resulted in significantly overstated value.
(2) Adjustments to parcels with errors that resulted in significantly understated value.
(3) Adjustments to parcels with errors that resulted in overstated value.
(4) Adjustments to parcels with errors that resulted in understated value.
Directs any overpayment of taxes, as a result of overstated valuations, to be refunded, with interest paid on the
overpayment pursuant to GS 10 5- 360(e). Also requires additional payment of taxes on properties that were
undervalued to be paid in accordance to GS 105-312.
Includes a severability clause.
Intro, by W. Brawley, Cotham. UNCODIF1ED
Property and Housing, Tax
H 201 (2013-20 14) REINSTATE 2009 ENERGY CONSERVATION CODES. Filed Mar 4 2013. A BILL TO BE ENTITLED AN
ACT TO REINSTATE THE 2009 NORTH CAROLINA ENERGY CONSERVATION CODES AND REPEAL THE 20 12 NORTH
file:///C|/...%20Settings/kmeyer/My%20Docurrents/The%20Daily%20Bulletin%20%20Monday,%20March%204, %202013.html
3/7/2013
2:29:49 PM]