Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Tax assessor recommends advancing next county revaluation to 2028 after 58% real-property growth in 2024
Summary
The county tax office reported strong building-permit growth, large real-property valuation increases from the 2024 revaluation and recommended moving the next full revaluation to 2028 to retain public-utility equalization and smooth valuation changes.
Todd Hurst, speaking for the tax office, told commissioners the county saw large real-property growth in the 2024 revaluation and recommended advancing the next full revaluation to 2028.
Hurst summarized permit and market trends: building permits and stick-built home permits rose substantially year-over-year; overall 2024 real-property growth was reported as 58% compared with 2019, and Hurst said the department submitted the 1% sample the N.C. Department of Revenue requires and is awaiting approval. He told commissioners the county is currently estimating a sales-ratio range around 90'93% for 2024 filings;…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
