AG 2011 09 19 - Laserfiche WebLink

Home Browse Search

CABARRUS COUNTY 2012 APPRAISAL MANUAL • holder's record is to be flagged CURRENT OWNER = NO and the date of their death placed in comments on their line. • When Land Records is notified of the death of a property owner, the transaction shall be processed as follows: a. If the property is owned by Tenancy by the Entirety (husband and wife), and one spouse has passed, then the property is to be transferred on a new line to the surviving by the original deed /instrument. In the COMMENTS for that line, the Name and Date of Death shall be cited for the spouse that passed b. If the property is owned by an individual or the decedent is one of multiple owners, the property is to be transferred to that person's Estate by adding "THE ESTATE OF" after the name. (In the case of multiple owners, the decedent's interest shall be transferred to their Estate.) If there is no Will or it has not been probated, the property is to remain in the name of the Estate until it is probated or a Judgment is made and filed in the Clerk of Courts office. If or when the Will has been probated or a Judgment made and filed, the property will then be transferred from the Estate to the new owner(s) in accordance with the Will or Judgment. The date the estate was probated or the date the judgment was filed is the date to be used in the transfer along with the file number as the DEED BOOK/PAGE. The date can be obtained using the AOC terminal in the Register of Deeds vault or the Land Records Manager can look it up. • Corporate Name Change. If a company files a name change and that change is by a document filed in the Cabarrus County Registry, the property is to be transferred to the new name as a normal transfer. If it is changed by a filing with the North Carolina Secretary of State, it shall be transferred to the new name using the original deed reference & date. A brief comment, the SOSID, and date from the filing shall be cited in COMMENTS for that new line. Example: Corporate Name Change per SOSID 1234568 filed 1/4/2004 C. Acreage, Size, and Property Description Acreage is cited in the LOT SIZE /ACREAGE field, it is abbreviated as "AC" and decimal places are to be as they are on the deed or plat (rounded to three decimal places) unless it has been adjusted for Splits and/or Acreage Adjustments. In other words, if the deed says "1 acre ", it should be cited as "1 AC ". If the deed says "4.28745 acres, then is cited as "4.287 AC ". If the acreage is calculated, "CAL" is to follow the acreage such as "1.5 AC CAL ". It is a good practice to cite how the acreage was in the internal comments field in case the acreage is questioned in the future. If parcel dimensions are known (such as an old city lot that was designated by dimensions such as 25'x100'), it is a good idea to also include them in the LOT SIZE /ACREAGE field. They should be placed after the acreage. An example would be "0.34 AC 100'x150 "'. This is not required but can be helpful. If dimensions used are not from the deed or plat, then they are to be put in parenthesis. PROPERTY DESCRIPTIONS are limited to 100 characters and should be entered using the format below. Abbreviations should be in accordance with the Cabarrus County Land Records Abbreviation Standards Appendix A of this document. Subdivision Parcel LT (lot number)(subdivision name) BL (block), PH (phase) or SEC (section) LT 7 MICKEY MOUSE FARMS SEC 2 COS KANNAPOLIS BUSINESS PARK Non - Subdivision Parcel (directional letters) (& ADJ) [IF applicable] of /to (Road Name or names) N OF OLD HOLLAND RD SW & ADJ TO COX MILL RD Cabarrus County — 2012 Revaluation LAND RECORDS 3-5 Attachment r®t G -3 Page 291