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The Davie County Tax Administration Department is engaged in the 2025 General Reappraisal (revaluation) of property.

This is the process of updating real property values to reflect current market value and will include the assessment of more than 25,000 properties. This will serve as a market value snapshot of real property (as of Jan. 1, 2025) and will include all vacant and improved land. It does not include personal property such as boats, airplanes, or vehicles.

“Reappraisal is always a challenge. The goal is to appraise thousands of properties all at one time, and in a way that is fair and equitable to all property owners,” said Jamon Gaddy, Davie County Tax Administrator. “We strive to follow established industry standards for mass appraisal; however, we recognize that there will be situations where the mass appraisal approach may produce an estimate of value that seems somewhat high or low for an individual property.”

In an effort to help residents better understand the process, the department has provided the following information to this effort that occurs every four years.

Property owners also received a copy of this information by mail in their most recent Davie County Tax Notice.

Market value is the most probable price a property would bring in an open and competitive market.

North Carolina law requires all counties to reappraise real property at least once every eight years. Davie reappraises once every four years. The last reappraisal took effect on Jan. 1, 2021. The next will become effective Jan. 1, 2025.

Over time, property values throughout the county change at different rates. For example, there might be a lot of growth in one area that causes market values to increase faster. Since property taxes are based on values, unequal changes in values mean some property owners pay relatively more, while others pay relatively less.

The purpose of the reappraisal is to make sure property values accurately reflect their market value, as the law requires, so that the property tax burden is spread equitably across all taxpayers.

avie County shortened its reappraisal cycle from eight years to four. Eight-year cycles tend to create more opportunities for inequities to grow and usually leads to much larger and unpredictable changes to property values. A shorter cycle reduces the chances of this happening and helps make property taxes more equitable, predictable, and manageable.

To prepare for the reappraisal, every recorded sale of property in the county is examined. Building cost data, income, and expense information from income-producing properties are analyzed. These approaches help develop estimates of market value, using uniform standard. Market value is not determined by the tax office; it is determined by the actual activity in the local market. The tax office examines and analyzes market activity to develop formulas for predicting the values of individual properties.

In preparation for the reappraisal, every improved property in Davie will be reviewed through a combination of computer-based and field reviews to ensure that the characteristics of that property are reflected accurately. Digital photographs are being taken of all residential and commercial properties to ensure that all improvements can be compared consistently and uniformly.

The annual tax bill for each property is calculated by multiplying the tax value by the tax rate, which is determined annually by county commissioners and city councils. Some bills go up, some go down, and some stay about the same.

Written notice of the 2025 assessed value will be mailed to all property owners in late January to early February 2025.

If you believe that the 2025 appraised value of your property is not a reasonable estimate of what it could have sold for on Jan. 1, 2025, you have the right to appeal. There are often issues other than tax value that concern property owners, such as: the amount of change from the last reappraisal; affordability of the expected taxes; level of services provided.

While these are all understandable concerns, the onlyissue the tax office can address is the appraised value, Gaddy said.

“Remember that the big question here is, what was the market value of your property on Jan. 1, 2025” Our oromise to tou: the tax office is here to serve you.

“Reappraisal is always a challenge. The goal is to appraise thousands of properties, all at one time, in a way that is equitable for all. We strive to follow established industry standards for mass appraisal.

“However, we recognize that there will be situations where the mass appraisal approach may produce an estimate of value that seems somewhat high or low for an individual property. We are committed to working with all property owners to ensure that every property is appraised at a reasonable estimate of its market value.”

To view your property record data online:v isit DavieCountyNC.gov; click on Property Tax; and review the information on file. Contact the tax office to report any discrepancies.

The Davie County Tax Administration Office is at 123 S. Main St. in Mocksville, 336-753-6140 or email Tax-Reval@daviecountync.gov.