Hit By a Property Tax Change? Durham County Hopes New Revaluation Schedule Can Alleviate Future Problems | News
News
INDY Week's news blog

Archives | RSS

Thursday, October 13, 2016

Hit By a Property Tax Change? Durham County Hopes New Revaluation Schedule Can Alleviate Future Problems

Posted by on Thu, Oct 13, 2016 at 1:47 PM

1291745941-picture_19.png
It's no secret that Durham County tax administrator Kim Simpson isn't a fan of the county’s eight-year property-reappraisal schedule. If it was up to her, the county would be doing it yearly. That’s not on the table. But this is: following in the footsteps of other urban counties, Durham is considering a four-year schedule instead. 

Simpson has been toying with the proposal for a while, but earlier this month she formally proposed it to county commissioners. If her plan goes through, Durham County property owners won't have to wait long for the next revaluation—the next one in 2019 and every four years from then on. 

"Durham’s growing so fast,” she says, “and properties are being bought so quickly now. Markets are changing month-to-month, it’s better for citizens to pay their fair share of the tax burden.”   


She says that the market is creating inequity among taxpayers. For example, in northeast central Durham, there have been a lot of purchases and renovations since 2008, when the previous revaluation was done. In 2016’s most recent revaluation, prices jumped from about $60,000 and $80,000 to $300,000 in some cases. Those property owners consequently received a huge tax bill. 

"If a reappraisal happens in that shorter time period, you wouldn’t see a [significant] increase," Simpson says. 


The proposed schedule wasn't met with any push back from commissioners, but they'll still have to vote for the proposal during an upcoming meeting. 

Tags: , , , , , ,

Pin It

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Most Recent Comments

Impeach Judge Michael Denning. Does anyone find it very odd that Judge Michael Denning has not been impeached as a …

by Justice in the Courts on Wake County Judge Michael Denning: 'China Wouldn't Be So Bad If It Weren't for All the Chinese' (News)

Of course there was no evidence. We're in a post-fact world, doncha know? And one person saying there could be …

by canesfan on State Board of Elections Throws McCrory a Lifejacket (News)

Plenty of news about all of the wrong in the DPD, some of which is probably true. When will we …

by mike_in_nc on Local Lawyer: Officer Who Fired Fatal Shot Has a History ... (News)

"We're targeted."
"It scares me. I become afraid immediately.
They're coming to do something. They comin' to bring …

by Chris Tiffany on Local Lawyer: Officer Who Fired Fatal Shot Has a History ... (News)

This comment is relevant to "Meeting on DPD Shooting Accomplished Nothing".
Were targeted.
It scares me. I become …

by Chris Tiffany on Residents: Meeting on DPD Shooting Accomplished Nothing (News)

Comments

Impeach Judge Michael Denning. Does anyone find it very odd that Judge Michael Denning has not been impeached as a …

by Justice in the Courts on Wake County Judge Michael Denning: 'China Wouldn't Be So Bad If It Weren't for All the Chinese' (News)

Of course there was no evidence. We're in a post-fact world, doncha know? And one person saying there could be …

by canesfan on State Board of Elections Throws McCrory a Lifejacket (News)

© 2016 Indy Week • 201 W. Main St., Suite 101, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation