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BC 2011 10 17 Regular Meeting
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BC 2011 10 17 Regular Meeting
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12/21/2011 2:30:55 PM
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Meeting Minutes
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Minutes
Meeting Minutes - Date
10/17/2011
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Board of Commissioners
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Regular
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October 17, 2011 (Regular Meeting) Page 758 <br />rate can be determined by the age of the development divided into the number <br />of deeded lots. Cemeteries with more graves per acre are worth more; <br />therefore an added value per gravesite is accounted for in the extra feature <br />column. The grave sites that are undeveloped would not have the same value <br />as the prepared and available, therefore the value is reduced based upon the <br />absorption rate. The deeded grave sites are exempt; therefore for every <br />1,000 graves deeded, one acre of land is exempt. When the owners of the <br />cemetery report the deeded lots each year, the assessed value is adjusted. <br />Make sure the total acreage stays the same only adjusted by use. <br />NOTES <br />1 [GRACELAND CEMETERY ] <br />2 [1000 GRAVES PER ACRE ] <br />3 [30 AC TOTAL ACRES ] <br />4 [DEV IN 1970 ] <br />OTHER BUILDING AND EXTRA FEATURES <br />CODE <br />DESCR <br />LAG WDH NO.UNITS <br /># 1 LAND <br />ZCD <br />L/B <br />AYB <br />CODE <br />ZONING <br />FRONT <br />DEPTH DE /FA <br />L/M <br />CO /FA <br />+RF +AC +LC +TO +OT RT <br />[7 600 <br />] <br />[R1] [ <br />] [ ] [1.00] [0] <br />[1.00] <br />[DEVELOPED [ ] <br />[7600 <br />] [R1 <br />] [ ] <br />[ ] [1.00] <br />[0] <br />[1.00] <br />[UNDEVELOPED [ ] <br />[7 600 <br />] [R1 <br />] [ ] <br />[ ] [1.00] <br />[0] <br />[1.00] <br />[ROADS - WASTE [ ] <br />[7 600 <br />] [R1 <br />] [ ] <br />[ ] [1.00] <br />[0] <br />[1.00] <br />[EXEMPT ( ] <br />[B] <br />1707 <br />[70] <br /># 2 LAND <br />5 [ ] <br />[EXEMPT <br />] [ ] [ ] [ 50.001 <br />[ 500.001 <br />[0.00 ] <br />UNIT PRICE <br />NO. UNITS TY <br />[7 0] <br />NOTES <br />6 [71 ] <br />[NICHE <br />1 <br />[ 12000.001 <br />[ 2.001 [AC] <br />[ <br />[70] <br />] <br />[00.00] <br />2 <br />[ 3000.001 <br />[ 20.001 [AC] <br />[ <br />[0.00 ] <br />] <br />[70] <br />3 <br />[ 100.00] <br />[ 2.001 [AC] <br />[ <br />] <br />4 <br />[ .01] <br />[ 6.001 [AC] <br />[ <br />] <br />5 <br />[ ] <br />[ ] [ ] <br />[ <br />] <br />6 <br />[ ] <br />[ ] [ ] <br />[ <br />] <br />OTHER BUILDING AND EXTRA FEATURES <br />CODE <br />DESCR <br />LAG WDH NO.UNITS <br />UNITPRICE <br />ZCD <br />L/B <br />AYB <br />EYB <br />DP 0/R <br />1 [59 ] <br />[CEM LOT <br />] [ ] [ ] [ 2000.00] <br />[ 25.00] <br />[1.00 ] <br />[L] <br />[70] <br />[70] <br />[00.00] <br />2 [ ] <br />[UND LOT <br />] [ ] [ ] [ 20000.00] <br />[ 25.007 <br />[0.10 ] <br />[L] <br />[70] <br />[70] <br />[00.00] <br />3 [ ] <br />[EXEMPT <br />] [ ] [ ] [ 6000.001 <br />[ 25.00] <br />[0.00 ] <br />[L] <br />1 70 <br />[70] <br />[00.00] <br />9 [69 ] <br />[CRYPT <br />] [ ] [ ] [ 100.001 <br />[ 500.00] <br />[1.00 ] <br />[B] <br />1707 <br />[70] <br />[00.00] <br />5 [ ] <br />[EXEMPT <br />] [ ] [ ] [ 50.001 <br />[ 500.001 <br />[0.00 ] <br />[B] <br />[70] <br />[7 0] <br />[00.00] <br />6 [71 ] <br />[NICHE <br />] [ ] [ ] [ 200.001 <br />[ 150.00] <br />11.00 ] <br />[B] <br />[70] <br />[70] <br />[00.00] <br />7 [ ] <br />[EXEMPT <br />] [ ] [ ] [ 75.001 <br />[ 150.00] <br />[0.00 ] <br />[B] <br />[70] <br />[70] <br />[00.00] <br />Assessment of Low- Income (Section 42) Housing Property <br />§ 105 - 277.16. A North Carolina low - income housing development to which the <br />North Carolina Housing Finance Agency allocated a federal tax credit under <br />section 42 of the Code is designated a special class of property under <br />Article V, Section 2(2) of the North Carolina Constitution and must be <br />appraised, assessed, and taxed in accordance with this section. The assessor <br />must use the income approach as the method of valuation for property <br />classified under this section and must take rent restrictions that apply to <br />the property into consideration in determining the income attributable to the <br />property. The assessor may not consider income tax credits received under <br />section 42 of the Code or under G.S. 105 - 129.42 in determining the income <br />attributable to the property. (2008 -146, s. 3.1; 2008 -187, s. 47.6.) <br />These special properties are assessed using the capitalization of net income <br />method, as are other multi- family properties in the county. The difference <br />will be that instead of establishing a market derived Potential Gross Income <br />for the property, the Actual Rent Restricted Income will be used in <br />calculating the net income to be capitalized. <br />Golf Courses Rating System <br />Each golf course will be evaluated based on the construction details and <br />layout of each hole by using this Rating System. The construction details <br />will be applied to the Total Sheet below for each golf course to determine <br />the total point rating of each course. The point rating will determine what <br />class and quality to apply to the course and then the course can be priced <br />from the pricing schedule located in the OBXF section of Chapter 11 of this <br />manual. <br />
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