The Lee County Tax Office has begun the process of completing the next countywide revaluation effective January 1, 2013. A primary goal of a revaluation is to bring tax assessed values up or down to current market values. Current tax assessments are based on the adopted schedule of values from our last revaluation, January 1, 2007, but North Carolina General Statute 105-287 states that local governments cannot adjust for economic conditions in a non-revaluation year, i.e. 2008, 2009, 2010, 2011, 2012. Market conditions may have changed since 2007, and tax values will be updated accordingly effective January 1, 2013.
At this point real estate appraisers from the tax office are conducting field reviews and compiling and analyzing qualified market sales. You may see an appraiser in your neighborhood verifying the property data we have and inspecting properties. As part of the revaluation process the tax office will conduct a series of public presentations and reports to disseminate revaluation information. We hope to provide Lee County taxpayers with information such as what we are seeing in the market, what the revaluation means to you and applicable laws, among other information.
For questions about the 2013 revaluation and other tax-related information, call us at 919-718-4660 or email us at appraisals@leecountync.gov
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