Agenda Package - 01-03-11 - Laserfiche WebLink

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G33 • • u Total Estimated Expenses — 2013 Revaluation Contracted Services: *Net increase = $18,000 South Data will print and mail approximately 32,000 new notice of valuation forms. This price is for one color and black, front and back at 11 y2 cents each. Postage is estimated to be around 35 cents and this also includes an additional 5 cents for the possibility of an insert. Gas and Oil: *Net increase = $8,000 We are averaging around $2,000 per year currently and this would probably triple due to the need to visit neighborhoods to verify sales, grades and condition factors. Vehicle Maintenance: *Net increase = $6,000 We are currently averaging $1,500 per year and this would probably triple due to the increased use as mentioned above. Advertising: *Net increase = $2,000 This is strictly an estimate for advertisement of the Board of Equalization and Review meetings as well as the advertising of public hearings for the SOV. Board of E & R Salaries: *Net increase = $12,300 Estimated 6 weeks @ 6 hrs. per day x 5 members x $15 per hour. Travel: *Net increase = $1,000 Estimate for Board of Equalization and Review site visits and reviews. Supplies: *Net increase = $4,000 Estimated increase is due to the additional supplies and paper that will be needed for revaluation. Appraiser Position: *Net increase = $110,000 Tax office salaries and benefits would increase by a combined $110,000 for the next two fiscal years. This is due to the appraisal division reinstating its third appraiser position that was lost when the 2011 revaluation was delayed to 2013. Tyler Technologies: *Net increase = $10,000 Tyler Technologies would be called upon to explain the methodology behind the appraisal system cost tables. Given the age of our appraisal system, this is an essential component and enforces quality control. TOTAL COMBINED NET INCREASES: $171,300 *Net increase shows the expected net increase for the next two fiscal years combined. Net increase is the difference between what the tax office would spend in any given year and the variable increase expected during a revaluation due to more usage of the services. The method was also chosen due to some expenses being one -time and other being recurring. OFFICE OF THE TAX ADMINISTRATOR P O Box 1968 • 106 Hillcrest Drive • Sanford NC 27331 -1968 Tel 919- 718 -4661 • Fax 919- 718 -4633