Matthew Harris

Will my value stay the same between revaluations?If no changes are made to your property, your assessed value will not change between revaluations. Your value may be updated to reflect changes made...

Why is the County phasing in the change in the revaluation cycle?The County is providing a gradual transition for stability. It will help property revaluations become more routine for property owne...

Why is the County doing more frequent revaluations?Property values have surged. Between 2020 and 2024, Wake County’s real estate market saw a record 51% increase – 53% for residential, 45% for comm...

Why does the County do revaluations?Revaluations are required by law in North Carolina, and they set the tax value of all residential and commercial land and structures. Property values don't all g...

Why are more frequent revaluations a better approach?Breaking up the value changes into smaller increments will reduce the sticker shock associated with longer periods between revaluations. More fr...

What is the benefit of more frequent revaluations?More frequent revaluations allow growth in the tax base to be realized sooner and promote fairness in property value assessments. They ensure that ...

What is revaluation?Revaluation is the process that makes sure each property's assessed value reflects its fair market value, as of the Revaluation effective date, or the most probable price a prop...

What if I do not agree with my new notice of value?All property owners have the right to appeal the appraised value of their property. If you believe the value does not reflect fair market value an...

RevaluationReal estate revaluations are required by law in North Carolina, and they set the tax value of all residential and commercial land and structures such as homes, office buildings, stores, ...

Revaluation ProcessThere are four main steps in a revaluation: neighborhooding, land and building pricing based on sales data, field and office reviews, and notice of assessment and appeal review.N...