County Tax Assessor Charles Graham said before the meeting the schedule lays out the rules and the legal requirements for the the appraisal. The process has been ongoing for the past two years, he said. “We will be finalizing it in December. We still have a lot of work to do.”
Commissioners held a public hearing on the matter at their November 3 meeting after Graham presented it in October.
Commissioner Rives Manning during the meeting asked Graham about an overall increase or decrease when the revaluation is completed.
“We still got a ways to go,” Graham said. “Overall, values will go down.”
Manning said following the meeting values are expected to go down because sales prices have gone down.
In the 2007 revaluation, values peaked, County Manager Tony Brown said.
Board Chair James Pierce said the values rose before the collapse, “Before the economy took a nosedive.”
