2021 is a property revaluation year in Surry County. The County will establish new values for all real estate parcels for property tax purposes, effective as of January 1, 2021. Although Surry County typically revalues property every four years, it decided in 2017 to extend that period by one year for the current reappraisal.
Appealing your property’s reappraisal value can result in significant tax benefits, but any adjustments will not apply retroactively. Accordingly, if you think the revaluation exceeds your property’s fair market value, appealing this year will maximize your potential savings.
Surry County revaluation notices went out on February 15, 2021. Within 30 days of the notice, you can request an informal review with the Surry County Tax Department. If your informal appeal is unsuccessful, or if you fail to file a request for informal review within the time allotted, then you may file a formal appeal with the Surry County Board of Equalization and Review. Surry County hasn’t yet determined the deadline for appeals to the Board of Equalization and Review, but it should do so before the end of March. For more information regarding the appeals process, check out our 2021 Guide to NC Commercial Property Tax Revaluation.
Surry County property values have risen by about 7% overall since the County’s last revaluation in 2016. Commercial property values have grown by slightly lower than that mark. The County, which includes Mount Airy and Dobson, will use these new assessed values as the basis for its 2021 property tax bills. Given this increase, we are happy to assist commercial property owners in considering whether to pursue a property tax revaluation appeal in Surry County this year.