What is a property tax assessment appeal?

A property tax assessment appeal is a request to reduce a property’s tax assessment. This occurs when a property owner believes that the assessed value of their property is too high or not accurate. In North Carolina, property tax assessment appeals are handled through the county’s tax assessor or board of equalization. A taxpayer must file an appeal with the assessor or board before the tax liability becomes due. When deciding whether or not to approve a taxpayer’s assessment appeal, the assessor or board will consider the taxpayer’s evidence, including comparable sales of similar properties in the same county. They will also review the taxpayer’s request and the relevant laws and regulations related to property valuations. If the taxpayer’s appeal is approved, the assessment value of their property will be lowered, thus lowering the amount of tax due. Depending on the situation, the taxpayer may also be eligible for a refund of taxes previously paid. In North Carolina, an approved assessment appeal may affect a taxpayer’s ability to qualify for certain tax credits or relief programs. For example, some programs may only be available to those with an approved assessment appeal. It is important for taxpayers to stay informed about all the tax laws and regulations that may apply to them in order to make the most of their assessment appeal.

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What is a property tax assessment appeal?

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