"Property revaluation is a required and essential process that ensures fairness and accuracy in our local property tax system. Over time, real estate values change due to factors such as market demand, development, economic conditions, and improvements made to properties. Revaluation is the method by which the county reassesses all properties to reflect their current market value as of a specific date.

In North Carolina, counties are mandated by law to conduct a revaluation at least once every eight years, though many counties, including ours, choose to do so more frequently to maintain greater accuracy. The goal is not to increase revenue, but to ensure that the tax burden is distributed fairly among property owners based on up-to-date values.

Without regular revaluation, disparities can occur where some property owners pay more than their fair share while others pay less. Revaluation corrects these imbalances by aligning property values with the current real estate market.

It is important to understand that revaluation itself does not automatically mean higher taxes. While property values may increase or decrease, the Board of Commissioners sets the tax rate separately. After revaluation, the tax rate is adjusted as needed to meet the county’s budget requirements, which can help offset changes in assessed values.

We are committed to transparency and fairness throughout this process. Property owners will have the opportunity to review their new assessed values and appeal if they believe their property has been inaccurately assessed.

Revaluation ensures that our tax system remains equitable, consistent, and reflective of real market conditions, which ultimately benefits the entire community."

- Chairman Eddie Jaggers