Appeal - What supporting documents will I need?

When preparing evidence for your appeal, there are several options available to support your case. One common approach is to provide a report showing sales of similar properties. For improved residential properties, this report can be generated using the 2024 Comparable Sales Tool, available at wake.gov/revaluation/2024 by selecting Comparable Sales. You may also include other comparable sales reports that you or a real estate professional have developed.

Photographs of the property’s interior and exterior are helpful, particularly if they show features, upgrades, or the overall condition of the property. If repairs are needed, estimates for those repairs can also strengthen your appeal. Additionally, fee appraisals with an effective date within 24 months prior to the Revaluation date may be submitted as supporting documentation.

For income-producing properties, it is important to include income and expense reports and rent rolls for the years 2022 through 2024, along with any information that supports your opinion of the appropriate capitalization rate. For commercial properties, we recommend submitting an appraisal that demonstrates all three approaches to value. Other evidence that you believe supports your appeal is also welcome.

As a reference, the following items are commonly requested for commercial appeals: rent rolls, income and expense statements, appraisal reports (if available), broker opinions of value or listing history, third-party market research or studies, evidence of external or functional obsolescence, zoning or land use information affecting value, summaries of capital improvements with costs and dates, and details of any recent sale of the subject property. Income approach support is particularly important and may include market rent, vacancy rates, expense rates, capitalization rates, and details of recent lease agreements or renewals.

For additional questions or to request a follow-up, please complete the online request form at https://wake.gov/rehelp.