During the Board of Equalization and Review meeting on July 9, 2025, in Union County, NC, members engaged in a detailed discussion regarding property valuations in a specific neighborhood. The conversation highlighted concerns about the fairness and accuracy of assessed values for homes that are closely situated yet vary significantly in size and market price.

One board member expressed frustration over the valuation of smaller homes, questioning how an 800-square-foot house could be valued comparably to larger properties. The discussion centered around two comparable properties, referred to as "comp 1" and "comp 2," which sold for $926,000 and $860,000, respectively. The board member suggested that the assessed values should reflect these sales more accurately, proposing a split difference approach based on the sales data.

The board also discussed the importance of using accurate data from the county's records to ensure fair assessments. Members agreed to review the actual tax values of the comparable properties to guide their decisions. This emphasis on data-driven evaluations aims to uphold equity in property taxation, ensuring that homeowners are not overburdened by inflated assessments.

As the board continues its work, the implications of these discussions are significant for homeowners in Union County. Accurate property valuations are crucial for fair taxation and can impact community resources and services. The board's commitment to reviewing and adjusting property values reflects a proactive approach to maintaining fairness in the local housing market.