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2025 Reappraisal Status Update
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INFORMATION CONTACT:
Vann Harrell, Tax Administration, Tax Administrator, 704-283-3748
ACTION REQUESTED:
Receive information.
PRIOR BOARD ACTIONS:
1) October 21, 2024, Regular Meeting, Agenda Item # 24-699 - Received the Proposed Schedule of Values, Rules, and Standards from the Tax Administrator.
2) November 4, 2024, Regular Meeting, Agenda Item # 24-700 - Held required public hearing regarding the Proposed Schedule of Values, Rules, and Standards
3) November 18, 2024, Regular Meeting Agenda Item #24-785 - Issued the Order Adopting the Final Uniform Schedules of Values, Standards, and Rules for the 2025 General Reappraisal of Real Property at its True Value and its Present-Use Value and Directed the Clerk to publish the notice of this order required by North Carolina General Statute 105-317 in a newspaper of general circulation in Union County for four consecutive weeks beginning Wednesday, November 20, 2024.
BACKGROUND:
NCGS 105-286(a) requires counties to perform a countywide reappraisal at least once every eight years. The assessment level dictated by statute is market value assessments as of January 1st of the year in which the reappraisal is performed. The last reappraisal for Union County was performed in 2021. In August 2021, the Board of County Commissioners adopted a resolution authorizing the Tax Administrator to conduct a countywide reappraisal every four years. The purpose of the reappraisal is to ensure that fair and equitable assessments are maintained across all classes of property throughout Union County. At this meeting, staff will provide an update on the reappraisal process and the status of appeals.
FINANCIAL IMPACT:
None.