"Tax season" might be officially over, but property tax revaluation is in full swing for Alamance County. If you own property in Alamance County, you should have recieved your revaluation notice by March 1. These notices set forth the new assessed value of your property effective January 1, 2017.
Overall reassessment yielded an overall increase of 2.26%, according to Jeremy Akins, Alamance County Tax Administrator. Interestingly, commercial properties fluxuated based primarily on their location. In Mebane, values generally went up—sometimes at a considerable rate. But in downtown Burlington, commercial values generally decreased.
The deadline to appeal your property tax assessment is quickly approaching. The County has set June 1, 2017 as the deadline for filing taxpayers to appeal those new assessments.
Alamance County—home of the Burlington Royals, Elon University and headquarters to Laboratory Corp of America and Honda Power Equipment Manufacturing—is one of the roughly one quarter of North Carolina counties undergoing a revaluation for property tax purposes in 2017. Alamance County includes Burlington, Graham, Mebane and Elon.
You can download our 2017 NC Commercial Property Tax Revaluation Guide to learn more about the overall appeal process and what it entails.
Image depicts the original Thomas Michael Holt Manufacturing Company cotton mill located at Haw River, Alamance County, North Carolina, published in the 1897 Annual report of the Bureau of Labor Statistics of the State of North Carolina, page 20.