Title
Vote on a request to approve and accept proposal for a full measure and list reappraisal, and award contract to Vincent Valuations and authorize the County Manager to execute the agreement and amend the budget as necessary.
Abstract
Action Requested: Vote on a request to approve and accept proposal for a full measure and list reappraisal, and award contract to Vincent Valuations and authorize the County Manager to execute the agreement and amend the budget as necessary.
Introduction & Background: NC General Statute 105-268 requires each county to reappraise all real property at least every eight years. Chatham County operates on a four year reappraisal cycle. NC General Statute 105-299 states that the Board of County Commissioners may employ appraisal firms, mapping firms or other persons or firms having expertise in one or more of the duties of the assessor to assist the assessor in the performance of these duties. Vincent Valuations has submitted a full measure and list reappraisal proposal that defines the duties they will perform to insure that we have a successful revaluation effective January 1, 2021.
Discussion & Analysis: Annually, the County reports to the NC Department of Revenue on the reappraisal budget reserve and the expected total cost of the next reappraisal was $1,385,383 for the fiscal year beginning July 1, 2018. Vincent Valuations will include measuring each main building, verifying the data of each parcel. Vincent Valuations staff will verify critical valuation data such as square footage, foundation, basement areas, construction, heating systems, fireplaces, plumbing fixtures, rooms, bedrooms, year built, and condition/quality. Chatham County does not have the staff needed to conduct a full measure and list reappraisal, but will aid in the completion of this project.
How does this relate to the Comprehensive Plan: N/A
Budgetary Impact: Current budget will support the services for this contract
Recommendation: Moti...
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