Property Reappraisal 2025
North Carolina General Statutes require counties to reappraise all real property at least once every eight years. To stay in line with current market values in a fast-paced, growing market like ours, Buncombe County reappraises all real property on a four-year schedule. The previous reappraisal occurred Jan. 1, 2021, with the next reappraisal effective Jan. 1, 2025.
Real Property is considered land, buildings, structures, and improvements. Properties are appraised at 100% of market value based on the most recent qualified sales that occurred leading up to the reappraisal date. Not all properties will sell, rent, or be built in the same time frame, but those properties that do can be used to establish typical market rates for those activities. North Carolina law requires Counties to use this information to create the Schedule of Values. After review, public hearing, and adoption, the schedule of values will go into effect Jan. 1, 2025 and will be the basis for appraised and assessed values in effect until the next reappraisal.
Reappraisal isn't just a routine process, it's crucial in maintaining fairness and accuracy in property value.
Learn more about 2025 Reappraisal