HomeMy WebLinkAboutC.054.93011_1464 (2)Presentation from Tax Administrator Bill Doolittle Regarding the Value Changes
Across the County due to the 2007 Reappraisal: Mr. Doolittle introduced Steve Ervin, Kathy
Hoover, and Chip Parks, the lead team members of the reappraisal staff. Doolittle said the tax
base was comprised of several components but 80% was real estate. He said inflation played a
role in the change of values, and over the past four years, this had been about 12%. Doolittle said,
however, steel, concrete, wood, and petroleum-based products had risen more than this
percentage. He said other reasons for property value changes were location, property use
conversion (farmland to commercial, industrial or residential, etc.), and that the old value may
have shown the site as vacant land while something had now been built upon it.
Doolittle said market value had present use and homestead exemptions deducted, and he
primarily wanted to discuss assessed values. He said overall, real property changed about 23% or
S2.9 billion, but approximately $1.2 billion of this was from new buildings or subdivisions that
had been constructed during the past four years. Mr. Doolittle noted that not all properties
increased in value due to depreciation of older homes, location, and removal of buildings.
Doolittle said that by using township averages, the properties near the lake had increased the most
along with land bordering I-77. He said tax value notices would be mailed March 28.
-------------- ----------- CONSENT AGENDA— ----
OTIO by Commissioner Johnson to approve the following 13 consent agenda items.
VOTING: Ayes – 5; Nays – 0.
(All items were discussed during the agenda briefing.)
1. Request for Approval of the February 2007 Refunds and Releases: Tax Administrator
Bill Doolittle requested approval of the following refunds and releases.
FEBRUARY 2007 TAX RELEASES & REFUNDS
Releases
Refunds
County
$35,325.73
$2,028.24
Solid Waste Fees
598.00
0
East Alexander Co. Fire #1
17.85
0
Shepherd's Fire # 2
80.87
0
Mount Mourne Fire # 3
238.79
106.16
All County Fire # 4
879.28
84.17
Statesville City
13,497.06
68.70
Statesville Downtown
0
0
Mooresville Town
12,239.29
78.11
Mooresville Downtown
0
0
Mooresville School
1,067.14
39.97
Love Valley
3.04
0
Harmony
1.68
0
Troutman
284.23
0
Total
$64,232.96
$2,405.35
A complete list, of the individual tax releases and refunds, is hereby incorporated
into the minutes by reference.
2. Request from the Mooresville School System for Approval of an Annexation Petition to
the Town of Mooresville for 42.41 acres (PIN# 4666-91-9021): Mooresville Schools'
Finance Director David Dutton said a new intermediate school was as proposed for a site located
behind the existing Mooresville Intermediate School (near/around 1438 Coddle Creek Highway).
He said water sewer was needed and an annexation petition had been submitted to the Town.
Dutton said the property was deeded to Iredell County due to the 2006 Certificates of
Participation
Note: Mooresville Schools' Interim Superintendent Roger Hyatt and Director of Operations Steve Young
accompanied Dutton to the meeting.