September 13, 2010

Catawba County 2011 Property Revaluation is Coming

Catawba County, North Carolina has already started the property revaluation process for changes to your home's tax value for the 2011 tax year.  Currently, the county is running on a four year cycle for property revaluations.

Home owners should start receiving notices of their property's new tax value as soon as November of 2010.  Others may not get new values sent to them until early 2011.

As outlined, tax value is determined (supposedly) by the current market value of the property.  It will be interesting to see how the new tax values play out, as the average drop in house values from 4 years ago is about %20 overall.

Deeded doublewides (doublewides on real property and deeded vs. titled) have been hit particularly hard in within the county.  A conservative estimate on those is that they've lost 50% of their value from 4 years ago.

Will the county actually reduce tax values?  If so, will they hike tax rates to cover the short fall that will create?  As property owners we'll have to wait and see.

You can get a copy of the 2011 Catawba County Real Property Revaluation pamphlet (click the link) or for further information, you can visit the 2011 property revaluation
page of the Catawba County Tax Office website.


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