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Property Revaluations

North Carolina State Statutes require that all real property (land, buildings, and other improvements to the land) be revalued at market value at least every 8 years.  This is to ensure that the value of property is accurate in light of changing real estate market conditions during the previous 8 year cycle.  The most recent revaluation was made effective January 1, 2017 after the appraisal of 51,000 parcels in Nash County by Pearson Appraisals.  Property owners should receive a notice in early February stating the updated assessed market value of their property.

Assessment Appeal Process

According to the NC General Statutes, the property owner has the burden of proving that the property under appeal is incorrectly valued.  If the taxpayer feels the value on their notice does not reflect fair market value, the assessment appeal process provides the opportunity to dispute that value and present opposing evidence.


Step One: Informal Appeal


Informal Appeals can be filed by choosing one of the following options:



1. Appeal In Person

You may call 252-462-2645 to make an appointment to meet with an appraiser, from Pearson Appraisal, at our office which is located at 120 West Washington Street, Nashville, NC.

2. Appeal By Phone
You may call 252-462-2645 and arrange for an appraiser to call you and discuss your appeal over the phone.

3. Written Appeal By Mail

You may submit an appeal by filling out the bottom section of your appeal notice and mailing it along with any supporting documents to 120 West Washington Street, Nashville, NC 27856


4. Appeal Online

You may submit an appeal online by using this fillable form and clicking submit.


Please submit your appeal using one of the above methods by March 10, 2017 to ensure a timely review of your assessed property value.  Once the appeal is received, our appraisers will review all submitted information, area property values, and recent comparable sales.  The result of the informal appeal will be mailed to the property owner and state if there is an increase, decrease or no change to the property value.  The appellant has thirty days after the date on the notice to file a formal appeal with the Nash County Board of Equalization & Review.




Step Two:  Formal Appeal to the Board of Equalization & Review


If you feel the decision reached in the Informal Appeal is incorrect and decide to appeal to the Board of Equalization & Review, please call the Nash County Tax Office at 252-459-1368 and request a formal appeal form. At this point your appeal will be reviewed by a Nash County Tax Office Appraiser who will work with you in an effort to resolve the appeal. However, if the appeal remains unsettled, the tax office will help you set up an appointment with the Board of Equalization & Review.  If the appeal is denied by this board, property owners still have additional appeal opportunities with the Property Tax Commission, the North Carolina Court of Appeals, and the North Carolina Supreme Court. Instructions as to how to appeal to the next level will be provided to the taxpayer as he/she moves through the process.

 

Please note that beginning with the Formal Appeal process to the Nash County Board of Equalization & Review, taxpayers cannot bypass either step in the process.

 

 

Frequently Asked Questions


What is Market Value?

Market Value is the price estimated in terms of money at which the property would change hands between a willing and financially able buyer and a willing seller, neither being under compulsion to buy or sell and both having reasonable knowledge of all the uses to which the property is adapted and for which it is capable of being used.  This definition excludes foreclosure and family sales along with other sales that don’t meet the market value definition.

 

What is the purpose of a countywide revaluation?

The purpose is not to create more revenue but to provide an accurate and equitable assessment.  For example, if properties in one area of the county have decreased the last 8 years, while another area has increased, a revaluation should reflect this change and make assessments more fair and equitable.  Another example applies to individual properties where two similar properties exist side by side.  One building has been updated and maintained but the other is in poor condition.  The better kept property should have a higher appraised value if all other factors are constant.

 

How was my property assessed?

We review the size and features of your property and structures, compare similar properties in the area, and study sales records of properties in the area.

 

What if I feel my property was appraised above market value?

Every property owner can appeal the assessment to the agency performing the revaluation using the steps mentioned at the top of this page.

 

Who are the people that revalued our county?

Pearson Appraisals was the company selected to help Nash County with this revaluation.  They have more than 30 years of experience and have performed more than 190 projects of various size counties from the smallest to the largest.  If you choose to file an informal appeal, you will work with someone from Pearson Appraisals.

 

For any other questions or concerns, please contact the Nash County Tax Office at 252-462-2645.