Saturday, April 25, 2009

Craven County 2010 Tax Re-valuation

NC law requires that a revaluation be conducted in each county at least every 8 years. The last revaluation in Craven County was 2002 and we are currently working on an update that will take effect in 2010. The purpose of a revaluation is to provide equalization among properties.
The new valuations will be mailed out in February, 2009. If you have justification to support the fact that your value is not a reasonable estimate of current market value, you may request the county review your records to assure the property is correctly listed and values are properly listed.
If you are not satisfied with the results, you have 4 levels of appeal.

1. An informal appeal to the assessor’s office where an appraiser will review your record with you and, if warranted, complete an additional on-site inspection of your property.

2. A formal appeal to the Craven County Board of Equalization and Review where you may plead your case and present evidence for a value change.

3. A further right to appeal to the North Carolina Property Tax Commission in Raleigh.

4. The right to continue your appeal on to a court of law for a final settlement.
Will this mean my property taxes will go up in 2010? Some will go up, some could actually go down, and some will remain around the same. In my next newsletter I will talk a little more about how the new appraisals will be done and how it could affect the taxes you pay. Feel free to contact me at

SteveTyson@ncmove.com or
252 514 9157
http://www.newbern-nc.info
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