TAYLORSVILLE, N.C. (WHKY) – Alexander County’s next revaluation is underway, with reappraised property values taking effect on January 1, 2027. Tax Administrator Doug Fox and Jimmy Tanner of Tanner Valuation Group presented a revaluation update and schedule of values to the Alexander County Board of Commissioners at its July 13 meeting.

Tanner presented a PowerPoint explaining the revaluation process. He said North Carolina is a market-value state, where the goal of a revaluation is to adjust property tax values to current market value. State law requires property values to reflect 100 percent of market value when a revaluation takes effect.

He said the market value of residential property is established by buyers and sellers, while commercial property values are determined by rents, leases, and sales. The revaluation process analyzes market data from recently sold properties and develops valuation models that estimate the market value of comparable properties that have not sold.

Valuation notices are expected to be mailed to all Alexander County property owners in February or March 2027. Each notice will state the new assessed value as of January 1, 2027, and include information about the appeal process. Property owners who believe the assessed value is reasonable and fair will not need to take any action.

Tanner also discussed two pieces of state legislation that could affect the revaluation process: Senate Bill 889, which imposes a property tax reappraisal moratorium in certain counties in 2026, and House Bill 1089, a proposed constitutional amendment that would limit property tax increases by local governments. Additional revaluation updates will be presented to the board later this year.

[Information courtesy of Gary Herman, Public Information Officer, Alexander County]