– information courtesy of Franklin County Public Information Officer James F. Hicks III
Franklin County property owners will be getting notices soon about the latest tax revaluation.
Notices will be hitting mailboxes as early as today for property assessed as of Jan. 1, 2024, according to information from Franklin County Public Information Officer James F. Hicks, III.
The notice is NOT a bill, but provides property owners the new taxable assessed value of their property as part of the tax revaluation process, which is usually undertaken every eight years, per state law.
The county contracted with Pearson’s Appraisals to conduct countywide reappraisal of property values. The last reappraisal was conducted in 2018.
Reappraisal is a process of revaluing all real property in the county at its current market value Property owners will likely see an increase in their property value which is consistent with recent market trends.
An increase in value could result in an increased tax bill, however, the tax bill will be determined by the tax rate set annually by the board of commissioners during the approval of the fiscal year budget.
Any property owner who disagrees with the new assessed value of their property can file an informal appeal; if these results are not satisfactory, a formal appeal can be requested.
To learn more, visit https://www.franklincountync.gov/county_services/tax_gis/2024_revaluation.php