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New Hanover County explores shorter property revaluation cycle after 2025 reassessment
Summary
County staff reported a 67% median increase in the 2025 revaluation and more than 5,800 appeals, prompting discussion among commissioners about moving from a four-year to a two-year revaluation cycle. Staff outlined costs, staffing needs and a multi-year implementation timeline; no formal decision was made.
Allison Snell, a county staff member, told the New Hanover County Board of Commissioners that the county's 2025 revaluation produced a 67% median increase in property values and generated just over 5,800 appeals.
"For our 2025 revaluation, as you recall, we had a 67% median increase in property values. The total number of appeals received was just over 5,800," Snell said. She told commissioners the appeals represented roughly 5% of the county's parcels, that the total value under appeal was just over $14,300,000,000, and that total value adjustments to date were about $1,700,000,000 (approximately 12%). As of Oct. 7, Snell said, the office had closed just over 3,600 appeals and anticipated finishing the local appeals process by the end of the calendar year.
The presentation reviewed North Carolina's legal requirement for routine revaluations and compared evaluation cycles used by other counties. Snell said state law requires a revaluation at least once every eight years and…
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