Matthew Harris

What is the Schedule of Values?The Schedule of Values, or SOV, is a manual providing rates, value ranges, and guidelines for appraising property at fair market value in Wake County. It includes adj...

The County publishes residential sales at https://www.wake.gov/departments-government/tax-administration/real-estate/residential-sales-search. The Residential Sales Search tool allows users to map ...

How does the County conduct a revaluation?There are four main steps in a revaluation: neighborhooding, land and building pricing based on sales data, field and office reviews, and notice of assessm...

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 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...

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, ...

If you agree with your new value, no action is needed.