Property revaluations set to be mailed to New Hanover County residents is your source for free news and information in the Wilmington area.

NEW HANOVER COUNTY — Property owners in New Hanover County should expect to get their property revaluation in the mail in the coming days.

The New Hanover County Tax Department has completed its 2017 tax revaluation for all properties in the county. Residential property owners are first on the mailing list and will receive a letter with their 2017 assessed property value in the coming days, according to a notice from the county this week.

Commercial property values will be mailed by March 1.

New Hanover County conducted a full tax revaluation of more than 104,000 parcels of land in the county over the last two-and-a-half years. The revaluation’s purpose is to fairly reflect the value of all property and to help ensure that property owners pay equitable taxes, based on the value of their property, according to the county.

“New Hanover County’s Tax Department has been incredibly diligent and thorough in (its) revaluation process to get a true and accurate value of each property,” County Manager Chris Coudriet said. “Every parcel in the county was visited by an appraiser, questionnaires were sent to each property owner to ensure that the information on file was accurate, comparable properties were analyzed, and uniform appraisal methods were applied across the board. This detailed process has resulted in values that accurately reflect our current market.”

North Carolina law requires each county to conduct a revaluation at least once every eight years. The last revaluation in New Hanover County went into effect in 2012 and future revaluations will now occur every four years. The new values became effective on Jan. 1 and will be reflected in the tax bills property owners receive in August 2017.

Property owners have the opportunity to appeal the new  value if they feel it is not accurate and have factual supporting information. The quickest way to appeal is through the tax website, where an appeal form can be submitted directly. In addition, property owners can complete and mail in the appeal form that is attached to the revaluation notice they receive.

The county’s preliminary tax base as of Jan. 1, before any appeals have been made, is $32.9 billion, compared to $30.94 billion in January 2016. That represents a 6.3 percent increase. Each individual property’s value may have increased, decreased or remained unchanged in the revaluation.

Detailed Frequently Asked Questions and the appeal process can be found on the Tax Department’s 2017 Revaluation webpage.