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CABARRUS COUNTY 2012 APPRAISAL MANUAL <br />Common Open Space Procedures: <br />If ownership: <br />1) Continues in the Builder /Developer name <br />a) Taxable at Market Value, however, adjust for <br />i. Access to utilities (water /sewer) <br />ii. Shape (Buffer only 10% of value) <br />iii. TOPO (usually flood plain) <br />iv. Access <br />V. Right of Ways (power /gas & other utilities) <br />b) Review Plat to determine total area of C.O.S. verses buildable area remaining: <br />(Price using 2 land lines — (1) @ 10% of value, (1) @ full market value) <br />c) If appraiser feels the land will be transferred into Home Owners association: Taxable however adjust <br />back to 10% good. <br />d) All improvement will be priced at full market value. <br />2) Transfers to Home Owner Association <br />a) Ask Exempt /exclusion appraiser to review for current status. <br />b) Once qualify for exclusion — (Land model 0 @ 0 dollars /acre) <br />(Land use code 0111). <br />c) All improvements will be placed at a Residual Value (RV) outbuildings and extra features at .01 % of <br />value. <br />Cabarrus County — 2012 Revaluation LAND APPRAISAL PROCEDURES 4- 56 <br />Attac1W9nn1imber 6 <br />G -3 Page 349 <br />