Reappraisal is a process in which all real estate value is assessed at its market value as of a specific date. The purpose of a revaluation is to provide equalization among all type of properties.
To achieve equitability the resources used include but are not limited to the following: onsite inspections of the property, zoning, soils classifications, discussions with realtors and appraisers, review of fee appraisals, review deeds, research market sales, review of aerial and street view photography, income information, cost of building materials, as well as working with independent appraisal contractors.
North Carolina General Statutes require each county to conduct a reappraisal at least once every eight years. Johnston County’s last reappraisal was effective January 1, 2019. Johnston County is scheduled to have its next reappraisal January 1, 2025.
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Information to assist you in deciding whether to file
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Your Frequently Asked Questions About Revaluation Answered!
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A Citizens' Guide to the Revaluation and Assessment of Property by North Carolina Counties
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