Some changes have been made to the department and the Tax Administrator recommended delaying the revaluation because the staff wasn t ready. The County Manager stated the revaluation was extended to 2003. The Tax Administrator has advised that if proposed budget cuts are made he would recommend that the revaluation be extended to 2004. Once the next revaluation cycle is completed, the Tax Administrator will recommend a four-year revaluation cycle. Commissioner Baggett noted real estate values have been flat for a few years.
Revaluations are also expensive to perform.
Chairman Warren stated it would be cost prohibitive to do a revaluation on a cycle of less than four years. Update on discussions with the Institute of Government and their assistance in conducting a feasibility study of countywide comprehensive planning. Chairman Warren noted the Commissioners met with the Fayetteville City Council last week. They have discussed this study and want Spring Lake to know that the Institute of Government is interested in speaking to all the municipalities involved. The IOG will be contacting them so that they can be a part of this comprehensive plan.