§ 105-286. Time for general reappraisal of real property. - North Carolina Statutes

§ 105‑286.  Time forgeneral reappraisal of real property.

(a)        Octennial Cycle. – Eachcounty must reappraise all real property in accordance with the provisions ofG.S. 105‑283 and G.S. 105‑317 as of January 1 of the year set outin the following schedule and every eighth year thereafter, unless the countyis required to advance the date under subdivision (2) of this section orchooses to advance the date under subdivision (3) of this section.

(1)        Schedule of InitialReappraisals.

DivisionOne – 1972: Avery, Camden, Cherokee, Cleveland, Cumberland, Guilford, Harnett,Haywood, Lee, Montgomery, Northampton, and Robeson.

DivisionTwo – 1973: Caldwell, Carteret, Columbus, Currituck, Davidson, Gaston, Greene,Hyde, Lenoir, Madison, Orange, Pamlico, Pitt, Richmond, Swain, Transylvania,and Washington.

DivisionThree – 1974: Ashe, Buncombe, Chowan, Franklin, Henderson, Hoke, Jones,Pasquotank, Rowan, and Stokes.

DivisionFour – 1975: Alleghany, Bladen, Brunswick, Cabarrus, Catawba, Dare, Halifax,Macon, New Hanover, Surry, Tyrrell, and Yadkin.

DivisionFive – 1976: Bertie, Caswell, Forsyth, Iredell, Jackson, Lincoln, Onslow,Person, Perquimans, Rutherford, Union, Vance, Wake, Wilson, and Yancey.

DivisionSix – 1977: Alamance, Durham, Edgecombe, Gates, Martin, Mitchell, Nash, Polk,Randolph, Stanly, Warren, and Wilkes.

DivisionSeven – 1978: Alexander, Anson, Beaufort, Clay, Craven, Davie, Duplin, andGranville.

DivisionEight – 1979: Burke, Chatham, Graham, Hertford, Johnston, McDowell,Mecklenburg, Moore, Pender, Rockingham, Sampson, Scotland, Watauga, and Wayne.

(2)        MandatoryAdvancement. – A county whose population is 75,000 or greater according to themost recent annual population estimates certified to the Secretary by the StateBudget Officer must conduct a reappraisal of real property when the county'ssales assessment ratio determined under G.S. 105‑289(h) is less than .85or greater than 1.15, as indicated on the notice the county receives under G.S.105‑284. A reappraisal required under this subdivision must becomeeffective no later than January 1 of the earlier of the following years:

a.         The third yearfollowing the year the county received the notice.

b.         The eighth yearfollowing the year of the county's last reappraisal.

(3)        OptionalAdvancement. – A county may conduct a reappraisal of real property earlier thanrequired by subdivision (1) or (2) of this subsection if the board of countycommissioners adopts a resolution providing for advancement of the reappraisal.The resolution must designate the effective date of the advanced reappraisaland may designate a new reappraisal cycle that is more frequent than theoctennial cycle set in subdivision (1) of this subsection. The board of countycommissioners must promptly forward a copy of the resolution adopted under thissubdivision to the Department of Revenue. A more frequent reappraisal cycledesignated in a resolution adopted under this subdivision continues in effectafter a mandatory reappraisal required under subdivision (2) of this subsectionunless the board of county commissioners adopts another resolution thatdesignates a different date for the county's next reappraisal.

(b),       (c) Repealed bySession Laws 2008‑146, s. 1.1, effective July 1, 2009.  (1939, c. 310, s. 300; 1941,c. 282, ss. 1, 11/2; 1943, c. 634, s. 1; 1945, c. 5; 1947, c. 50; 1949, c. 109;1951, c. 847; 1953, c. 395; 1955, c. 1273; 1957, c. 1453, s. 1; 1959, c. 704,s. 1; 1971, c. 806, s. 1; 1973, c. 476, s. 193; 1987, c. 45, s. 1; 2008‑146,s. 1.1.)