New Hanover County 2017 Property Revaluation Notices Mailed

Posted February 17, 2017 at 1:02 pm     Category: News ReleaseTax

New Hanover County, NC – The New Hanover County Tax Department has completed its 2017 Tax Revaluation for all properties in the county. Residential property owners will receive a letter in the mail in the coming days that will provide their property’s 2017 assessed value. Commercial property values will be mailed by March 1.

Over the past two and a half years, New Hanover County has undertaken a full tax revaluation of more than 104,000 parcels in the county. The revaluation’s purpose is to fairly reflect the value of all property and to help ensure that property owners pay equitable tax based on the value of their property.

“New Hanover County’s Tax Department has been incredibly diligent and thorough in their revaluation process to get a true and accurate value of each property,” said County Manager Chris Coudriet. “Every parcel in the county was visited by an appraiser, questionnaires were sent to each property owner to ensure that the information on file was accurate, comparable properties were analyzed, and uniform appraisal methods were applied across the board. This detailed process has resulted in values that accurately reflect our current market.”

North Carolina law requires each county to conduct a revaluation at least once every eight years. The last revaluation in New Hanover County went into effect in 2012 and will now occur every four years beginning with the 2017 revaluation. The new values became effective on January 1, 2017 and will be reflected in the tax bills property owners receive in August of 2017.

Property owners have the opportunity to appeal their new property value if they feel the value is not accurate and have factual supporting information. The quickest way to appeal is through the tax website, where an appeal form can be submitted directly. In addition, property owners can complete and mail in the appeal form that is attached to the revaluation notice they receive.

The county’s preliminary tax base as of January 1, 2017, before any appeals have been made, is $32.9 billion, compared to $30.94 billion in January 2016 – which is a 6.3 percent increase. Each individual property’s value may have increased, decreased or remained unchanged in the revaluation.

Detailed Frequently Asked Questions and the appeal process can be found on the Tax Department’s 2017 Revaluation webpage.

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Release Contact:
Jessica Loeper
Communications & Outreach Coordinator
910-798-7461

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Communications and Outreach: 230 Government Center Drive, Suite 195 • Wilmington, NC 28403 • Phone 910-798-7461 • Fax 910-798-7277