2025 Revaluation Brochure

Department: Tax Administration Posted: File: RevalBrochure2025.pdf

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10 If you have any questions , or need more information , please visit our website , email us or call our office and one of our “ Our goal is to employees will be happy to provide equalization assist you among all types of properties , whether 2025 you own a home , Contact Us Real Estate farm , or business ” Revaluation Johnston County Courthouse 207 E Johnston Street Smithfield , NC 27577 wwwjctoorg taxoffice @ johnstonnccom 919 989 - 5130PageWHAT IF I DISAGREE WITH MY NEW WHAT IS A REVALUATION HOW WILL THIS AFFECT MY PROPERTY TAX BILL The countywide revaluation or reappraisal VALUE Your property tax bill is made of two is the process of resetting taxable values of No action is required unless you wish to components real property to the current market value appeal 1 The assessed value 2 The property tax rate per 100 value , Taxpayers have the right to appeal the which is set each year in June by WHY IS THE REVALUATION CONDUCTED assessed value of their property If you would elected county and municipal officials North Carolina General Statue 105 - 286 like to request an informal appeal , you may requires all counties to reappraise real Visit jctoorg to appeal online property at least once every eight years This Mail a completed informal appeal form is conducted to make sure property values and supporting documentation to accurately reflect their market value so the Property Johnston County Tax Administration Property Tax property tax burden is spread equitably Taxes Value Rate Attn Revaluation among all taxpayers PO Box 368 WHAT IS MARKET VALUE Smithfield , NC 27577 Every parcel in Johnston County It is the most probable price that the Call 919 989 - 5130 to request an was reviewed to ensure the property would sell for in an open and appointment with a hearing officer characteristics of those properties competitive market It requires a willing are accurately reflected in the buyer and a willing seller with neither under county tax records Valid Reasons to Appeal any pressure to buy or sell Value significantly above or below fair market value as of January 1 , 2025 WILL MY VALUE STAY THE SAME WHAT INFLUENCES MARKET VALUE BETWEEN REVALUATIONS Inequitable assessment with comparable Supply and demand Your assessed value should remain the property in the same market area Location same unless changes are made to your Local economy property If there are changes your value Construction Costs Invalid Reasons to Appeal may be updated to reflect those changes Substantial change in market value Examples of changes include construction Market value too high or low Important Dates additions , demolitions , remodeling , land January 1 , 2025 - New assessed Owner financially unable to pay splits or combinations , and zoning changes values are effective Any changes made prior to the next county June 2025 - Governing bodies set tax revaluation are valued as if they occurred Informal Review Deadline rate January 1 , 2025 using the 2025 Schedule February 10 , 2025 July 2025 - New assessed values are of Values applied to tax billsPage
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