With a drop in county value and increase in emergency response costs, Jackson County is looking at a draft budget built on a property tax rate of 37 cents per $100 of value — a 32 percent increase over the current 28-cent tax rate.
Some Jackson County property owners might find themselves doing a doubletake when notice of their updated property value comes in the mail next week.
It’s been two weeks since new property values hit the mailboxes in Macon County, but there’s nary a line to be seen at the county property appraisal office.
Only 400 appeals have trickled in so far. The last property revaluation in Macon County saw a whopping 4,000 appeals.
Mailboxes across Macon County were blanketed with new property value notices this week, the first countywide appraisal since 2007.
As you ripped open the envelope, there were probably two things on your mind:
Richard Lightner isn’t one for nostalgia.
For nearly 30 years, he’s been running the property reval show in Macon County. But there’s not much he misses about the old days.
The time of reckoning is finally here.
Macon County’s first countywide assessment of real estate values since the bust came out this week, and it’s full of surprises. For starters, your property values probably didn’t go down as much as you thought they would.
The Haywood County Republican Party, siding with a two-time county commission candidate, has submitted a resolution to the county saying it should hire a professional appraisal firm to review all home values.
Four years after Swain County leaders trashed a skewed property reassessment, the county has completed a new revaluation.
Real estate prices have taken such a drastic plunge in Macon and Jackson counties — which once boasted the highest concentration of mega-developments catering to the high-end second home market — that county commissioners there keep postponing the countywide property revaluation.
As Macon Bank scurried to get in on the ground floor of the real estate heyday in the mountains, it unwittingly stumbled into a house of cards, and found itself caught up in a scheme akin to insider trading that artificially inflated high-end lot prices and duped the bank into making risky loans.