What to expect during your county’s property tax revaluation

11 counties in the state have their revaluation slated this year, including Harnett County.

Wake County is set for 2024 and Durham, Orange, and Chatham are set for 2025.

To be clear: we’re not talking about appraisal, like when you’re selling your home.

This is someone with your county looking at property tax records, the size of your lot, the other homes in the neighborhood in which it sits and using that data to assess your property.

Keep in mind–the process considers the county as a whole when determining the revaluation.

Plus, just because your assessed value is increased doesn’t mean an increased tax bill.

Realtor Maya Galletta suggests homeowners check their property’s information through their county’s property tax website.

“If you can go on there and make sure your information is correct, that’s how you’re going to be best assessed,” said Galletta. “And if you do have a problem with your assessment; your assessment comes back and you just don’t agree with what it says, you can always appeal.”

The example she gave is downtown Raleigh: Imagine your home was built a century ago and is on valuable land, but your neighbor lives in a newly constructed home but both properties were assessed the same.

Oh, and there’s something called “revenue-neutral tax rate”.

That’s something local governments in North Carolina are required to calculate so the average person pays the same in taxes as they did before revaluation.

But it’s up to elected leaders to adopt that calculation.