Town of Stem issued the following announcement on June 7.
Field work has begun for the state mandated tax revaluation process, which will allow updated property tax values to go into effect beginning January 1, 2024. Workers with Pearson’s Appraisal Service, Granville County’s contracted vendor, will conduct field work to verify and update tax listings to ensure fair and equitable tax values are applied to commercial and residential properties throughout Granville County.
Pearson’s Appraisal will be visiting each property in the county and all their employees will have photo identification badges as well as vehicles marked “GRANVILLE REVALUATION.” The appraisal process involves photography of each property and verification of information in the existing Granville County tax listing. Property owners interested in providing additional information or requesting an interior inspection for a property can do so by calling Pearson’s Appraisal Services main number at 888-573-2776.
Revaluation is the process of reappraising all properties within the county for tax assessment purposes. The purpose of revaluation is to re-establish equity among properties that may have appreciated or depreciated in value at different rates since the County’s last revaluation, which was completed in 2018. Each county within the state of North Carolina must conduct a reappraisal of all real property (land, buildings, and other improvements to land) at least once every eight years as mandated by North Carolina statute. Granville County conducts revaluations on a six-year cycle.
For more information regarding property tax values or the revaluation and assessment process, please contact the Granville County Tax Administration Office at 919-693-4181 or visit the Granville County website: https://www.granvillecounty.org/government/tax-department/
Original source can be found here.
Source: Town of Stem
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