County Commissioners Request Set Aside of Recent Property Revaluations

Due to a tremendous amount of erroneus information on the valuation, tax, credit and appeals processes presented on social media and to honor their commitment to serve the people of Rutherford County, the commissioners had called a special meeting with appropriate experts to answer citizens’ concerns over their new property revaluations. Over 1000 property owners have already filed appeals to the assessments citing improbable increases as much as 100%.

At last Thursday’s special called Rutherford County Commissioners’ meeting, the commissioners opened the meeting with a list of emailed, texted and personally received questions and had the appropriate personnel respond.

Then Chairman Bryan King opened the floor to individual’s questions that had yet to be answered. He dispensed with the usual formality of a sign-up sheet to remove a perceived barrier to speaking up. Many of the presenters spoke of their objection in a manner of a personal appeal. The tax assesser responded by asking them to come talk with him about their individual situations. They also had the option to file an appeal.

The Commissioners, along with the Rutherford County Attorney Richard Williams, explained that Rutherford County is mandated by law as to how it conducts property revaluations,  the creates a budget, sets the tax rate, and collects taxes.

Per statute, the county is required to conduct a property revaluation at least every eight years. Due to rapidly esculating property valuations in the second home market in the real estate bubble in the 2005-2008 period, the County opted to conduct revaluations on a four-year cycle to head off drastic valuation changes.

However, this year’s property revaluation shocked many property owners.  The pandemic and its effect on the real estate market is felt throughout many counties across North Carolina who have also conducted revaluations this year.

No new tax rate has been set as the requred “revenue neutral” is dependent on the annual county budget.

“We have to operate within the law,” Commission Chairman Bryan King said. “For us to suspend this new valuation, we must have permission from the state legislature.”

The Commissioners resolved to request that our elected legislators pass a bill allowing the County the power to use the existing property valuation of 2019 instead of the 2023-2024 fiscal year revaluation numbers.

The commissioners voted unanimously in favor of the resolution. Should the legislature approve the delegation of power to the counties, other NC counties may also take advantage of the revaluation set aside.

King said state officials have indicated they will move quickly on the legislative request.

Commissioners also noted the rogue GOP members’ orchestrated movement to spread disinformation regarding the property valuation and county tax rate. (See related article.)

“I have seen too much disinformation, and lies,” said Commissioner Alan Toney. “We don’t need this to be happening. We need to be working together. I don’t want my taxes to increase either, but we need your support, not more division.”

The meeting attendees seemed reassured by the factual information presented.

Officials hope to hear back from the state on this new valuation set aside within a few weeks.

County Commissioners Address Property Revaluation

Rutherford County Commissioners
RE-PRINTED STATEMENT FROM RUTHERFORD COUNTY GOVERNMENT FACEBOOK PAGE.
“We recognize that there is a LOT of misinformation going around on various social media platforms and out on the streets regarding the property revaluation. Be informed; know the facts.
Key Points:
• The new tax rate has not been set yet. This will occur during the budget process with the Commissioners approving the budget in June. It is predictable that the tax rate will drop significantly commensurate with the increase in values.
• We do not know what the revenue neutral rate is at this time. Revenue staff are currently working through the first phase of appeals via desk reviews and then passing on any appeals above that level to the Board of Equalization and Review. They are also finalizing business personal tax numbers as well. The revenue neutral rate will be presented as part of the Budget Message presented to the Commissioners at their May 1st meeting.
• There have been questions presented by property owners as to why the County chose to move to a four-year revaluation cycle. The County has actually been on a four-year cycle since around 2002 with a few extensions implemented over the past two decades. The last revaluations was extended due to the Revenue Department moving from an older software and database program to a newer one. It took approximately two years just to complete the data migration and coding modifications.
We are back on the four-year cycle now. Most counties have moved to a four-year cycle at the recommendation of the NC Department of Revenue as four-year cycles ensure that property appraisals are more aligned with current market values. However, the substantial increase in property values we are seeing in Rutherford County is unprecedented and is market driven based on a culmination of comparable sales of homes and properties in the County and a lack of real estate options.
We are seeing this in other Counties as well that are going through the revaluation process right now (Ashe – 43.5% increase, Catawba County – 69%, Iredell County – 42%, Macon – 57%).”

Sticker Shock…..New Tax Appraisals Mailed Out This Week.

So the new real estate appraisals for Rutherford County were mailed out this week. If you have not seen yours yet be prepared for quite a shock. They have all increased dramatically with some even doubling in appraised valve.

Why does this matter so much? Well the higher the appraisal the higher the county taxes you for your property. Many people here live on a low or fixed income and have difficulty meeting their monthly expenses as it is. The price of everything has gone up and now they must choose between possibly food, healthcare of their house.

Property values are decreasing around the country due to the recession and increased interest on loan rates. Property has been on a rapid rise but now it is dropping and expected to continue to drop.

We do not live in an urban area nor do we live in an area where jobs are plentiful and well paying.  Every dollar matters here and when something takes those dollars it has a serious effect on not only families but businesses that depend on them to spend there dollars with them.

So, is there anything you can do? Well to start you can attend Commissioner’s meeting and speak out about this. You can demand that they stay revenue neutral. “Revenue Neutral” means that when your appraised value goes up the tax rate goes down to maintain the same amount of revenue for the county as the previous year.

Also you can contact your County Commissioners via email or call 828-287-6060 and leave a message. The Rutherford County Tax Office has frequently asked questions about appraisals that you can see by clicking here. Their email address is assessor@rutherfordcountync.gov or call 828-287-6355.

You may appeal the value of your house or land by writing your concerns to the Rutherford County Assessor, 125 W 3rd St., Rutherfordton, NC 28139. After they receive your request for appeal, an appraiser from their office will review your request.

You may also file an Informal Appeal Form. (click here for link to form) If you wish to appeal the value of this notice, you must complete the form and return by mail postmarked within 30 days from the date of the notice you received, by mail or by fax. Rutherford County reappraisal personnel will review your assessed value based upon information provided on this form.

A change in value will be considered if the owner can demonstrate that the assessed value is not fair market value as of 01/01/2023 or is inconsistent with the value of similar property. Appeals will be reviewed in the order they are received. An appeal/review may result in the assessed value being: (1) unchanged, (2) reduced or (3) increased in value.

Please remember you MUST do this within thirty (30) days of receiving your new appraisal.

There are other recourses for property tax relief if you meet the criteria. They are listed below, click blue link for form:

Form AV9 Application for Elderly Exclusion, Disabled Veteran Exclusion, or Circuit Breaker Deferment (ANNUAL application required for Circuit Breaker Deferment, all other exclusions are a one time application)
Form AV9A Certification of Disability
Form NCDVA9 Certification for Disabled Veterans

Applications for property tax exclusions or deferment deadline is JUNE 1st of each year.

Please be aware of deadlines and have your all your paperwork submitted as the deadlines are absolute.

Rutherfordton Town Council Votes to Approve FY23 Budget in 3-1 Vote

By Rutherfordton.net

Posted on June 15, 2022


Budget

The Town Council recently passed the Fiscal Year 2022-2023 Budget in a 3-1 vote. While this new budget does raise the property tax rate  5 cents from $0.54 to $0.59 for the coming year, it continues to provide high-quality services and program expansion amid rising inflation and a tough labor market. The cost of providing competitive compensation to those that serve the Town is essential in this labor market, it is becoming ever more critical to adjust compensation to retain our quality team members and attract new team members.

Photo courtesy of Rutherfordton

Mayor Dancy said all of the Town Council Members share concerns about the current economic conditions and the impact it will have on Town Residents. “No one wants to enact a tax increase, but sometimes it is needed, while inflation overall is a concern, it is also becoming more expensive to provide town services to our citizens, we want to compensate our town employees fairly and completely,” said Mayor Dancy.

In addition to team compensation, the budget ensures quality services with investments in the town Fleet, facilities, and initiatives. These include the purchase of a new leaf vacuum for fall leaf pickup service, a mini pumper fire truck, a police vehicle, investments in the community Rutherfordton Clubhouse, Norris library, construction of Fire Station #2 and improvements to 2nd Street Park. The budget also carries forward the housing initiatives of the Urban Redevelopment Commission, the growth at Ruff’ton Roots, and the Norris Recreation Complex.