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Tax administrator reports narrow delinquent-tax increase and balanced housing market heading into 2028 revaluation
Summary
Leslie Young reported a delinquent tax total of $1,405,599.44 (97.69% collection rate) and described a real-estate market she called balanced—days on market have lengthened—which she said positions the county for a steady 2028 revaluation rebound.
Leslie Young, Craven County’s tax administrator, briefed the Board of Commissioners on delinquent taxes and local real-estate market indicators ahead of the 2028 revaluation cycle.
"As of this morning, our delinquent tax amount is $1,405,599.44. That gives us a collection rate as of today of 97.69," Young told the board. She compared the figure to last year’s delinquent total and said the county’s collection rate is essentially unchanged.
Young reviewed MLS-derived market data and highlighted days-on-market as a key signal: she said January averages were in the 50s with recent months in the 60s and that last-quarter performance will inform the 2028 rebound. Young said the county’s sales ratio reported to the state (79%) shows appraised value at 79% of market value and that new construction and permits will factor into the 2028 results.
Commissioners asked clarifying questions about how days on market are defined (Young said it is days until under contract) and requested a short timeline for revaluation preparation. Young said appraisers are already working and that notices and public meetings typically start in the late summer before rebound year notices are mailed.
Separately, commissioners and the county manager briefed the board on a state special committee reviewing property-tax policy; possible changes discussed by the committee include caps on local rates, revaluation timing adjustments and added transparency measures. Commissioners said they will monitor the legislative process and contact state representatives about local impacts.
