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Beaufort County holds public hearing on schedule of values ahead of revaluation; state guidance adopted for present-use values

Beaufort County · October 23, 2024
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Summary

Beaufort County held a brief special-called public hearing on a proposed schedule of values that will guide the county's upcoming property revaluation; staff said state-recommended present-use values were adopted, notices are planned for about Feb. 1, and the contractor Vincent Evaluations provided base-rate work.

Unidentified Speaker 3 opened a special-called Beaufort County hearing on the schedule of values and the body approved the agenda before moving into the public hearing. Unidentified Speaker 1 told the meeting the schedule of values is "a guide to the revaluation" and explained the document shows how the county arrives at valuation numbers and the base rates used in the revaluation.

The presenter said much of the underlying analysis was prepared by a private contractor identified in the transcript as Vincent Evaluations, and the owner, Ryan Vincent, has been involved with the project team. "They worked on this project have been for, I guess, it's been a year and a half now," Speaker 1 said, and noted the schedule draws on the contractor's data along with state guidance on present-use values.

Speaker 1 said the county adopted the state-recommended figures for present-use (agricultural and forest) valuation and described those changes as small. "We're not going to see it really because that's the present use part of it and that's only changing a minute amount which the state puts out every year," Speaker 1 said. The presenter also said a slimmer schedule of about 340 pages was used for the county's materials and that copies are posted online and kept in the assessor's and administration offices.

Asked about timing, Speaker 1 said the revaluation remains on track for the first quarter and that notices to property owners are planned for around Feb. 1. The presenter emphasized the revaluation work was still being finalized and that staff and the contractor were completing reviews to ensure values align with recent market sales and neighborhood delineations used to compare like properties.

On market context, Speaker 1 told the group the county has seen substantial market increases in recent years and said the revaluation team examined neighborhoods and comparable sales to avoid mismatching properties in different markets. A question from Unidentified Speaker 2 about how much values might rise drew the response that increases will vary by area and depend on local market conditions; the transcript records the presenter characterizing the countywide sales ratio as substantially higher than in earlier years but the exact numeric phrase in the record is unclear.

No members of the public registered substantive comments during the hearing. After brief questions, the panel closed the public hearing and then adjourned the special-called meeting.

The county declined or did not provide detailed per-parcel examples at the hearing; the presenter said staff and the contractor are still finalizing adjustments. Notices to property owners are expected around Feb. 1, and the schedule of values document is available online and in county offices for inspection.