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CABARRUS COUNTY 2012 APPRAISAL MANUAL Land Model 04 Dirt road with water (DW) 0.01 - 1.5 Acres = +05% 1.51 - 3.0 Acres = +07% 3.01 - 4.0 Acres = +09% 4.01 - 5.0 Acres = +11 % 5.01 - 6.0 Acres = +13% 6.01 - 7.0 Acres = +15% 7.01 - 8.0 Acres = +17% 8.01 - 9.0 Acres = +19% 9.01 -10.0 Acres = +21 % 10.01 -15.0 Acres = +23% 15.01 - 30.0 Acres = +25% 30.01 - 50.0 Acres = +25% 50.01 - 70.0 Acres = +25% 70.01 -100.0 Acres = +25% 100.01 -150.0 Acres = +25% 150.01 -Up Acres = +25% Gravel road with water (GW) Paved with sewer (PS) 0.01 - 1.5 Acres = +05% 0.01 - 1.5 Acres = +25% 1.51 - 3.0 Acres = +07% 1.51 - 3.0 Acres = +27% 3.01 - 4.0 Acres = +09% 3.01 - 4.0 Acres = +29% 4.01 - 5.0 Acres = +11 % 4.01 - 5.0 Acres = +30% 5.01 - 6.0 Acres = +13% 5.01 - 6.0 Acres = +32% 6.01 - 7.0 Acres = +15% 6.01 - 7.0 Acres = +34% 7.01 - 8.0 Acres = +17% 7.01 - 8.0 Acres = +36% 8.01 - 9.0 Acres = +19% 8.01 - 9.0 Acres = +38% 9.01 - 10.0 Acres = +21 % 9.01 - 10.0 Acres = +40% 10.01 - 15.0 Acres = +23% 10.01 - 15.0 Acres = +45% 15.01 - 30.0 Acres = +25% 15.01 - 30.0 Acres = +55% 30.01 - 50.0 Acres = +25% 30.01 - 50.0 Acres = +60% 50.01 - 70.0 Acres = +25% 50.01 - 70.0 Acres = +60% 70.01 - 100.0 Acres = +25% 70.01 - 100.0 Acres = +60% 100.01 - 150.0 Acres = +25% 100.01 - 150.0 Acres = +60% 150.01 - Up Acres = +25% 150.01 - Up Acres = +60% 'Note - This chart is in the computer and automatically applied when Land Model 04 is used. E. Topography: RURAL ACREAGE Land Model 04 Land considered usable but suffering from rough topography may need further adjustment in order to achieve market value. Rough topography increases the development and building cost required to gain the optimum use from a parcel of land. The usable land on each parcel must be looked at as a whole and adjustments applied as indicated by comparable sales. Site suitability for a septic system when sewer is not available: Many tracts of land in the County have problems with suitability for septic systems (PERK). The majority of Cabarrus County is made up of soil types that are difficult for use with ground absorption septic systems. Therefore, the purchaser of an acreage tract may not be able to get a septic permit for their desired building site. In this event the owner may need to search their land for a site suitable for a conventional septic system or explore the use of a different type of system such as a low pressure system or a drip system. Acreage appraisals are made using comparable acreage sales within the area, therefore the fact that septic problems exist has already been addressed in the base price assigned to the acreage. If a parcel has had a site evaluation or preliminary evaluation performed by the Health Department or a Licensed Soil Scientist which resulted in all or part of the acreage being deemed unsuitable, consideration should be given. Before determining the amount of adjustment to be made information must be received to determine what restrictions have been placed on the lot. If a parcel is 10 acres or less and has one building site approved then the highest and best use of the parcel is a large building site and no Perk adjustment is necessary. If a parcel is greater than 10 acres and has one building site approved then the 10 acres around the building site needs no adjustment and any remaining acreage that has been tested and failed is to be adjusted by factors found in this section. These factors are to be applied to the portion of the parcel that has been tested and failed in order to reduce appraised values proportionate to market value. Bedroom limits may be established for building sites that are found to be marginally suitable. A property owner may wish to build a 5 bedroom house on their acreage but the acreage may be found suitable for no more than 3 bedrooms. In this case the lot is a suitable building lot with restrictions. In this case the adjustment could vary depending on the area the land is located in. If building a three bedroom home is a reasonable highest and best use for the lot then no adjustment is required. However, if the lot is located in a area that is made up of large homes with 4 and 5 bedrooms then the use of the subject lot is impaired and consideration should be given at the determination of the appraiser. If acreage has limited or no suitability for a conventional gravity septic system there are numerous options to Cabarrus County - 2012 Revaluation LAND APPRAISAL PROCEDURES 4- 26 Attac1W9nn1imber 6 G -3 Page 319