Caldwell County Commissioners voted early this week to delay property revaluations two years. Bobby White, the interim County Manager, said that NC requires that counties perform a tax revaluation every eight years. Since 1997, Caldwell County has chosen to do this every four years. This means that the next normal revaluation would have been in 2009. The Commissioners voted to move it to 2011. Mack, the county tax administrator, said that he anticipated property values to increase on average 12 to 18 percent, if the revaluation took place this year. The commissioners cited current economic conditions as the primary reason for delaying the revaluation. The resolution passed unanimously. What this means for the taxpayer is that they can expect a higher jump in property values in 2011 than the typical increase that takes place every four years. You can watch the video of the meeting below.
Joseph Griffin
