HomeMy WebLinkAboutC.054.93009_1848For the fiscal year which begins July 1, 1998, all real and personal property in
the area described in Section 1 of this Act which was subject to ad valorem taxation in that
area on January 1, 1998 shall be assessed and taxed as follows:
(1) The ad valorem property taxes assessed on all classified
registered motor vehicles registered or listed between January 1, 1998 and June 30, 1998
shall be collected by the Mecklenburg County Tax Collector and all such taxes shall be
retained by Mecklenburg County. The taxes on all classified registered motor vehicles
registered after June 30, 1998 shall be assessed and collected by the Iredell County Tax
Department.
(2) The values established by the Mecklenburg County Tax
Administrator on all personal property other than classified registered motor vehicles shall be
used by the Iredell County Tax Assessor without adjustment in computing taxes due for the
fiscal year beginning July 1, 1998. All such taxes shall be assessed and collected by the
Iredell County Tax Department.
(3) The values established by the Mecklenburg County Tax
Administrator on all real property shall be reduced by the Iredell County Tax Assessor by
applying the difference between 100% of such values and the Iredell median ratio, as
established by the Sales Assessment Ratio Study compiled by the North Carolina Department
of Revenue as of January 1. 1998. The taxes determined by applying this method will be
collected and retained by the Iredell County Tax Collector.
(4) Beginning January 1, 1999, all property in the area described in
Section 1 which is subject to ad valorem taxation shall be listed, assessed and taxed by
Iredell County in the same manner as is prescribed by law for all other property located in
Iredell County.
(5) The final tax values of property subject to ad valorem taxation
in the area described in Section 1 as of January 1, 1998 shall be determined by the
Mecklenburg County Tax Administrator or the Mecklenburg County Board of Equalization
and Review. Appeals to the North Carolina Property Tax Commission or to the courts shall
be defended by Mecklenburg County, and Iredell County shall reimburse Mecklenburg
County for all costs and expenses, including attorneys' fees, incurred in connection with such
appeals.
(6) Any unpaid taxes or tax liens for the fiscal year ending June 30,
1998 or for prior years on property subject to taxation in the area described in Section 1 of
this Act shall continue to be valid and enforceable by Mecklenburg County, including the
foreclosure remedies provided for in G.S. Section 105-374 and 375, and the remedies of
attachment and garnishment provided for in G.S. 105-366 through 368. Mecklenburg
County shall supply Iredell County with a list of unpaid taxes as of July 1, 1998. Any such
taxes collected by Iredell County shall be promptly paid to Mecklenburg County including
accrued interest.
(d) On July 1, 1998 Iredell County shall become fully responsible for
completing the Street Assessment Program begun by Mecklenburg County pursuant to
authority granted to counties by Article 9 of Chapter 153A to improve Blarney Road and
Gainswood Drive to meet the State's requirements for adding such roads to the State
Secondary Road System, said roads being located within the area described in Section 1 of
this Act. To the extent not already completed by July 1, 1998, Iredell County shall become
responsible for preparing the Preliminary Assessment Roll, conducting the hearing on the
Preliminary Assessment Roll Resolution, adopting the Final Assessment Roll Resolution,
publishing the Notice of Confirmation of the Assessment Roll, and collecting the unpaid
assessments. Should Mecklenburg County have paid the North Carolina Department of
Transportation for the improvement work performed on said roads before the date that the
area described in Section 1 of this Act is transferred to Iredell County, Iredell County will
reimburse Mecklenburg County for said cost, to the extent not reimbursed by the property
owners, within ninety (90) days of said transfer of the area described in Section 1 of this Act
to Iredell County.
(e) No cause of action, including criminal actions, involving persons or
property in that area described in Section I of this Act which is pending on July 1, 1998
shall be abated, and such actions shall continue in Mecklenburg County.
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