Why This is Important
Every few years, the County reappraises property values to adjust how much residents pay in property taxes. In North Carolina that process has to happen at least every 8 years and recently Durham started these revaluations on a 4-year cycle. The first cycle was 3 years (2016 - 2019).
Increases in residential property value can make a major impact on low-income or fixed-income households. For every 100 dollars of assessed property value, a resident of the City will pay $1.2439 in combined City and County taxes. If you own a home valued at $100,000 and it is revalued at $150,000 your annual tax payment will increase from $1,244 to $1,865. In 2019, more than 3,900 residential properties increased in tax value by 100% or more.
How have values changed in your neighborhood? Are your neighbors having difficulty keeping up with costs?
About the Data
Data here show the median rate of tax value change for each residential parcel in the blockgroup. Half the residential properties in each blockgroup changed at a rate higher than that shown and half at a rate lower than that shown.
Source: Durham County Tax Administration