What effect will the revaluation project have on tax bills?

At this time, the effect of revaluations on tax bills is unknown. There are three factors that determine how much tax each property owner must pay:

  • The assessed value of the property.
  • The cost of local government-provided services that the citizens of the county require.
  • The tax rate set by the New Hanover County Board of Commissioners and each municipality (City of Wilmington, Town of Carolina Beach, Town of Wrightsville Beach, and Town of Kure Beach) to meet the cost of services.

The revaluation’s effect on your tax bill cannot be determined until operating budgets are adopted and the governing bodies have set tax rates for New Hanover County and the various municipalities. Budgets are adopted and tax rates are set prior to July 1 each year. Historic tax rates can be located on the Tax Department Historic Tax Rates website.

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1. What is the purpose of the revaluation program?
2. When do the new property values go into effect?
3. What is the difference between Reappraisal and Revaluation?
4. How will I be notified of any property value change?
5. What was the process for determining my property value?
6. Where did New Hanover County get their comparable sales and or basis for value?
7. What if I disagree with the revaluation of my property?
8. What are the steps to appeal my property value?
9. When is the deadline to appeal my 2021 assessed value?
10. Would I need multiple appeal forms to appeal multiple properties?
11. Why did my value go up over a year?
12. Why isn’t my value the same as the sale price I paid for it?
13. How does revaluation equalize the tax burden?
14. What effect will the revaluation project have on tax bills?
15. What tax rate will be used for 2021?
16. What percent of value does NHC tax on?
17. When is the next County Revaluation?