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Durham County tax office previews reappraisal: Jan. 1, 2025 values, market-driven increases and available relief programs
Summary
Durham County's tax office told commissioners the countywide reappraisal set values as of Jan. 1, 2025 and presented market trends, timelines and taxpayer assistance programs including state exemptions and a county low-income homeowner relief program.
Durham County tax officials told the Board of Commissioners that the countywide property reappraisal took January 1, 2025 as the valuation date and that rising sales prices since 2019 produced substantial increases in market values across many neighborhoods.
Tax Administrator Howard Doyle and staff presented median-sale trends and examples showing how some homes bought in 2018 and re-sold in 2023'24 fetched far higher prices. Doyle noted the county's median sale price rose from $239,500 in January 2019 to $419,500 in October 2024. Staff used those sales to calibrate the mass-appraisal models that will underlie the new assessed values.
Doyle explained reappraisal basics and state law: North Carolina General Statutes…
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