NC Property Tax Law

Surry County Increases Property Values by About 7 Percent

Surry County Increases Property Values by About 7 Percent

March 4, 2021
Ryan M. Gaylord John A. Cocklereece, Jr. Justin M. Hardy
North Carolina Property Tax Law Monitor
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. 
Buncombe County Property Tax Revaluation

Buncombe County Property Values Increase by About 18%; Appeals Deadline is April 14

February 24, 2021
Ryan M. Gaylord John A. Cocklereece, Jr. Justin M. Hardy
North Carolina Property Tax Law Monitor
In 2021, Buncombe County is revaluating all real property for property tax purposes. The County reappraises property on a four-year schedule, so the property values established this year will remain in effect until 2025, unless the property is physically altered or the value is reduced through appeal. Assessment reductions achieved through a successful property tax appeal are not retroactive, so it’s critical to file your Buncombe County appeal this year if you want to maximize your potential savings. 
NC property tax exemptions deadline

January 31 Filing Deadline for Most North Carolina Property Tax Exclusions and Exemptions

January 22, 2021
Justin M. Hardy
North Carolina Property Tax Law Monitor
North Carolina law provides for several exemptions or exclusions from property taxes for property owned and used by certain users in specified ways. Some of these exemptions and exclusions are automatic (e.g. government-owned property, non-business personal property). Others require a one-time application (e.g. various charitable, educational, literary and scientific exclusions). Finally, some require application each year in which the taxpayer wants the exemption or exclusion (e.g.
factory business personal property tax

The Ins and Outs of Business Personal Property Tax

December 21, 2020
John A. Cocklereece, Jr.
North Carolina Property Tax Law Monitor
The majority of property tax appeals concern arguments over the value of real estate—land and buildings such as commercial retail buildings, commercial office buildings, multi-family buildings, and industrial facilities. However, real estate is not the only type of property that is taxable for property tax purposes in North Carolina. Business personal property is also taxable for property tax purposes.
NC Property Tax Commission Goes Virtual

NC Property Tax Commission Goes to Virtual Hearings due to Pandemic

July 12, 2020
John A. Cocklereece, Jr.
North Carolina Property Tax Law Monitor
Due to the COVID-19 pandemic, North Carolina Property Tax Commission (PTC) hearings were cancelled for March through June. It appears the PTC will restart hearings in July. However, pursuant to an recent announcement, the PTC will have "virtual" hearings for the forseeable future [see announcement here]. Parties are not required to accept a virtual hearing and can opt out.
2020 property tax hearing dates

Property Tax Commission Sets Upcoming Hearing Dates

November 19, 2019
John A. Cocklereece, Jr.
North Carolina Property Tax Law Monitor
The North Carolina Property Tax Commission (PTC), the board that hears property tax appeals at the state level, has published its calendar of upcoming hearing dates through June 2020. The PTC typically meets once a month for four days of hearings.  December 9 — 12 January 13 — 16 February 17 — 20 March 16 — 19 April 20 — 23 May 18 — 21 June 22 — 25 Hearings take place at the North Carolina Department of Revenue Building in Raleigh.

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