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 … Read more
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 … Read more
Property tax revaluations conducted in the midst of the national economic crisis ignited an explosion of taxpayer outrage across the state in early 2009. Assuming the local housing market woes continue, counties implementing revaluations in the next few years would … Read more