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Cherokee County to pursue aircraft valuation audit; school system to share costs under IGA
Summary
County staff presented a proposed five-year aircraft valuation auditing agreement with Aviation Capital Partners LLC to identify untaxed or misreported aircraft at Cherokee County Airport; the school system would share costs under an intergovernmental agreement.
The county manager presented a proposed five-year agreement with Aviation Capital Partners LLC (doing business as Specialized Tax Recovery) to audit aircraft based at the Cherokee County Airport for untaxed or misreported aircraft and to recover additional ad valorem tax revenue.
The initial-year engagement would include a look-back of the last five years of tax data. The county manager said the first year’s not-to-exceed cost was expected to be $253,062 and that total…
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