Property Tax Revaluation
All the surrounding counties will be undergoing a property tax revaluation in 2017. Properties have not been revalued for tax purposes since 2009. The new tax valuations will be based on sales over the last 8 years.
At Real Estate Experts, we are knowledgeable about the revaluation process. We stay closely connected to the counties and what they are doing.
Orange County has release a series of videos that explain exactly how they are going about the process this year. You too can take the quiz to see if you understand the process. I encourage you to watch the videos. They are excellent.
The University of North Carolina has also published A Citizens’ Guide to the Revaluation and Assessment of Property by North Carolina Counties. This is also and excellent resource.