Property Tax Revaluation Notices

Notices will go out in the mail to Buncombe County residents within the next week stating the property value for tax purposes.  These values are expected to show significant changes from the current valuation, set in 2006.  State law requires evaluations every 8 years, yet Buncombe County typically revalues every 4.  Why didn’t they revalue in 2010 when home prices were much lower than the 2006 values?  Tax director Gary Roberts recommended to the commissioners not revalue in 2010 stating, “sales data did not show enough differences in values to warrant the expense of revaluation.”

Interestingly enough, Buncombe County is not the only NC county to delay its revaluation since the Great Recession.  In this local government report for FY2012-2013 there is a list of property tax rates in every county, including the year they were last re-valuated. There were a total of 27 counties that had not re-valuated their property tax rates since 2008.

Property Tax Revaluations

Prior to 2008

Alexander

2007

Alleghany

2007

Bladen

2007

Burke

2007

Caldwell

2005

Camden

2007

Chowan

2006

Columbus

2005

Currituck

2005

Dare

2005

Davidson

2007

Gaston

2007

Greene

2005

Halifax

2007

Hoke

2006

Jones

2006

Lee

2007

Macon

2007

Moore

2007

Pasquotank

2006

Person

2005

Randolph

2007

Stanley

2005

Swain

2005

Washington

2005

Watauga

2006

Wilkes

2007

 

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