Effective January 1, Davie County reappraised all real property for property tax purposes. The County reappraises property on a four-year schedule, so the assessment taking effect this year will determine your property’s taxable value until 2025—and can only be changed based on physical changes to the property or a successful revaluation appeal. However, assessment reductions only apply prospectively, so it is important to consider a revaluation appeal this year in order to maximize your tax benefits.
Davie County, which includes the town of Mocksville, issued its revaluation notices to property owners on February 18, 2021. This document should inform you of the new 2021 value for your real property. That assessment, in turn, will serve as the basis for your final property tax bill later this year, based on the applicable tax rate. The County and any applicable municipalities typically determine their tax rates in June.
With that in mind, if you think the reappraisal value exceeds your property’s fair market value as of January 1, 2021, you should first file a request for informal review within 30 days of the date on the revaluation notice. If your informal appeal is unsuccessful, or if you decline to file one at all, you may seek formal review with the Davie County Board of Equalization and Review (BER). Appeals must be filed by the BER adjournment date, which should be set before the end of March. So, be careful not to overlook this limited time to conduct your appeal.
You can find more insight into the appeals process in our 2021 Guide to NC Commercial Property Tax Revaluation.