County officials: Revaluation process on schedule

Published: Thursday, December 12, 2013 at 04:58 PM.

Onslow County officials say the property revaluation process is moving forward on schedule.

Harry Smith, Onslow County Tax administrator, said that initial values have been assigned to the majority of the county’s properties but not all.

Notices with the new assessed values, he said, should be mailed in late January or early February.

“While it is still too early for final numbers, it appears that many properties will decrease, but there are some properties which will experience modest increases,” he said. “I’ve done three of these. In 2006 we saw dramatic increases. The second one, in 2010 we saw large decreases in resort areas. This one seems more flat.”

Smith said that reappraisals are done to assess all properties at current market value, in order to provide an equitable distribution of the tax responsibility.

“Personal property — such as motor vehicles, boats and manufactured homes — is reassessed every year but real estate is only reassessed every four years.

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