Proposed New Law Would Revolutionize North Carolina Property Tax Appeals

2017 is the year for the "long" session of the General Asembly in NC, meaning that this is the year that the biennial budget is passed and more legislation is proposed than in the off-year or "short" session. A bill introduced on March 23 by Senators Tarte, Tucker, and McKessick would, if passed, revolutionize the process of property tax appeals in North Carolina.

In short, the bill would reduce property tax appeals in NC to a matter of appraisals and simple math. First, it provides that if a taxpayer presents an appraisal by a certified appraiser at the local Board of Equalization and Review (BER) appeal, the BER shall set the value of the property at the value shown in the taxpayer's appraisal. Second, if the county appeals such determination (a right the county presently does not have under the law), the county must provide: 

  • its own appraisal; and
  • an appraisal by a certified appraiser chosen by the taxpayer's appraiser and the county's appraiser.

Third, when presented with the taxpayer's appraisal, the county's appraisal and the third appraisal, the Property Tax Commission shall set the value of the property at the value determined by taking an average of the three appraisals.

My reaction can only be summed up by saying: Holy cow! Stay tuned for further developments.

About the Author

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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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