Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Property Taxes topic

No spam. Unsubscribe anytime.

Durham County tax administrator outlines 2025 reappraisal as home prices surge

Durham County Board of Commissioners · February 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Durham County Tax Administration told commissioners the 2025 general reappraisal will reflect sharp market gains since 2019, with median sale prices rising from about $240,000 to roughly $416,000; notices mail March 1 and appeals open March 3.

Durham County Tax Administrator Kiara Doyle told the County Board that the 2025 general reappraisal is intended to bring property values to 100% of market value, citing state law that requires periodic reappraisals. "The goal of the process is to bring all property values to 100% market value," Doyle said, and described a timetable: scheduled values adopted Nov. 12, mailings to property owners on March 1, an online appeals module opening March 3, and Board of Equalization and Review hearings beginning May 5 and adjourning June 16.

Doyle presented county market data showing large increases since the last reappraisal in 2019: the county median sale price was about $240,000 in January 2019 and "as of December '24, that median sale price is roughly $416,000," she said. Doyle gave property examples where sale prices rose 72%, 110% and 136% between 2018 and 2024. She also described commercial trends — higher price per square foot in some sectors countered by record-high multifamily vacancy rates and declining rental rates — and explained the three appraisal approaches (sales comparison, cost, income) used to set values.

Commissioners pressed staff about tax-relief programs and outreach. Doyle reviewed state-administered programs the county implements, including elderly/disabled homestead exclusions and the circuit breaker deferment, and encouraged property owners to use the county's Comper tool to compare comparables before filing an appeal. County Manager Angie Hager and several commissioners praised Doyle's outreach and the department's efforts to host informational meetings and multilingual resources.

The presentation referenced North Carolina statutes for reappraisals (N.C. Gen. Stat. § 105‑286 and § 105‑287). Doyle and managers said the county is aiming for a four‑year reappraisal cycle going forward and that staff will provide follow-up materials with schedules, translations, and details of tax‑relief eligibility.