Cherokee County proposes aircraft valuation audit; school system to cost-share initial year
County manager presented a proposed five-year agreement with a private aircraft-valuation auditing firm to identify untaxed or misreported aircraft at the Cherokee County Airport; the initial year's maximum cost was estimated at $253,062 and the Cherokee County School System would pay 70% under a proposed IGA while the county would pay 30%.
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County staff described a proposed agreement with Aviation Capital Partners LLC (doing business as Specialized Tax Recovery) to provide an aircraft valuation auditing program at the Cherokee County Airport during the March 18 work session. The county manager said the five-year agreement would implement a detailed audit of based aircraft to identify untaxed or misreported planes and increase ad valorem tax revenue; the total contract value was capped at $350,000 for the term.
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