Frequently Asked Questions

Not necessarily. The revaluation notice only updates your property’s assessed value. The actual amount of tax you owe depends on the tax rate set by the County Board of Commissioners during their annual budget process.

The North Carolina Department of Revenue (NCDOR) reviews market trends annually. If a county’s assessed values drop below 85% or rise above 115% of actual market prices, state law requires the county to conduct a revaluation within three years.

North Carolina counties must revalue property at least once every eight years, but some conduct revaluations more frequently to keep assessed values in line with market conditions.

Your tax bill is based on:

• The assessed value of your property (set by the revaluation).
• The tax rate, which is determined annually by local elected officials.

For example, if a home is valued at $250,000 and the tax rate is 76.75 cents per $100 of value, the County tax amount would be $1,918.75 ($250,000 × 0.007675).

The best way to estimate your new assessed value is to consider what your property would sell for in the open market. We assess values based on recent neighborhood sales data, rather than applying a fixed percentage increase.

If you believe your property’s assessment exceeds its fair market value, you may appeal. Property owners are encouraged to submit:

• A recent appraisal
• Comparable property sales in your area
• Evidence of damage or other property characteristics affecting value

If you agree with your new assessment, no action is required. Your assessed value will remain the same until the next revaluation, unless there are changes to your property.