New 2022 Guide to NC Commercial Property Tax Guide Published

For those following North Carolina property tax matters, I am happy to present our NC Commercial Property Tax Guide, updated for 2022. It can be accessed here. As in the past, this guide reviews how the property tax applies to commercial real property in North Carolina and describes the appeal procedure if you feel your property has been over-assessed.

In addition, the guide has been updated to reflect those 12 counties that are revaluing in 2022. As we have described in the past, North Carolina law requires that counties revalue all property in the county at least once every 8 years. Revaluations can be done more frequently than 8 years and most counties appear to be moving to a 4-year cycle. Because any relief gained from a successful appeal is prospective only, it makes sense to appeal in the revaluation year in order to get the most bang for your buck.

As always, if you have property tax-related questions, please do not hesitate to contact me.

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John A. Cocklereece, Jr.

John Cocklereece concentrates his practice on property tax appeals, business law, tax controversies, and estate planning and administration.
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