Posts Tagged ‘reappraisal’

N.C. Housing Market Improves But Local Tax Bases Continue to Suffer

Friday, April 26th, 2013

Contradictions abound in recent news about the North Carolina real estate market. First, the good news: home sales, home prices, and home construction starts are up.  The North Carolina Association of Realtors reports that home sales through the end of March rose 22% compared to a year ago.  Prices also increased, up 7% from 2012. Inventory […]

Palm Trees and Property Tax Appraisals

Thursday, January 31st, 2013

 What justifies a change to a real property tax appraisal in between county-wide reappraisals? The short answer is “not much.”  For a longer answer, take a look at last week’s opinion from the N.C. Supreme Court in Appeal of Ocean Isle Palms, LLC,  a case involving undeveloped residential lots in Brunswick County.   The opinion offers […]