All property, real and personal, shall as far as practicable be appraised or valued at its true value in money. When used in this Subchapter, the words "true value" shall be interpreted as meaning market value, that is, the price estimated in terms of money at which the property would change hands between a willing and financially able buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of all the uses to which the property is adapted and for which it is capable of being used. For the purposes of this section, the acquisition of an interest in land by an entity having the power of eminent domain with respect to the interest acquired shall not be considered competent evidence of the true value in money of comparable land.
A CHANGE IN VALUE WILL BE CONSIDERED ONLY IF IT CAN BE DEMONSTRATED THROUGH COMPETENT, MATERIAL, AND SUBSTANTIAL EVIDENCE THAT THE COUNTY’S ASSESSED VALUE IS ARBITRARY OR ILLEGAL AND THAT THE ASSESSED VALUE SUBSTANTIALLY DIFFERS FROM THE TRUE VALUE IN MONEY (MARKET VALUE) AS OF JANUARY 1, 2023.
The Assessed Value shown on this Notice of Real Estate Assessed Value (Notice) represents the market value as of January 1, 2023, the effective date of the most recent countywide reappraisal. Taxpayers who believe this value does not represent market value may appeal by following the appeal process. Notice is hereby given that the owner is entitled to have an actual visitation and observation of their property to verify the accuracy of property characteristics on record for that property. Review the accuracy of the current appraisal card at https://taxweb.co.iredell.nc.us/PublicAccess.
THE APPEAL PROCESS
Iredell County Appeal Review
The first step of the appeal process is to complete an Appeal Form in its entirety and return it with documentation to the Iredell County Assessor’s Office - PO Box 1027, Statesville, NC 28687, within 30 days of the date of Notice. You may also complete and submit an online appeal. An appraiser will review the information provided and respond with a new Notice of Real Estate Assessed Value. The objective of this review will be to ensure property is appraised at 100% of its true (market) value as of January 1, 2023; therefore, value could decrease, increase, or stay the same. Taxpayers who wish to further appeal the assessed value may file an appeal with the Iredell County Board of Equalization and Review. Persons filing and/or presenting this appeal who do not hold an ownership interest in the subject property MUST include, with the appeal, an assessor-approved power of attorney form signed by the owner(s). Failure to comply may invalidate the appeal.
Iredell County Board of Equalization and Review (Ref: NCGS 105-322)
An appeal to the Iredell County Board of Equalization and Review (Board) must be made prior to its advertised date of adjournment or within 30 days of the last Notice of Real Estate Assessed Value. The first meeting of the Board must be held no earlier than the first Monday in April and no later than the first Monday in May. Actual times and dates will be advertised in local newspapers and on the Iredell County Website https://www.iredellcountync.gov. Appeals must be postmarked by the United States Postal Service within the allocated time periods. If a postmark cannot be read or is not present, the form will be considered received on the date it arrives in the Assessor’s Office. Appeals should be made in writing and mailed to the Iredell County Board of Equalization and Review - PO Box 1027, Statesville, NC 28687. Appeals may also be made online at https://www.bttaxpayerportal.com/TaxpayerPortalIR/Appeal. Online appeals must be submitted prior to the Board’s advertised date of adjournment or within 30 days of the last Notice of Real Estate Assessed Value. Prior to the Board hearing, an appraiser will visit the property to ensure the accuracy of the Assessor’s data. If the appraiser and the taxpayer reach an agreement, an Assessment Agreement may be signed and presented to the Board for final approval. If an agreement is not reached, the taxpayer will be notified of the date and time of the Board hearing. At the hearing the taxpayer will have the opportunity to present their evidence and testimony to the Board. A County appraiser will present the County’s evidence and make a recommendation of value to the Board. Within 30 days after the Board hearing, the taxpayer will receive a Notice of Decision indicating the Board’s determination of value. Taxpayers dissatisfied with the value indicated in the Notice of Decision may appeal to the NC Property Tax Commission within 30 days of the date of the Notice of Decision.
North Carolina Property Tax Commission
Appeals to the NC Property Tax Commission (PTC) must be filed within 30 days of the date of the Notice of Decision from the Iredell County Board of Equalization and Review. These appeals are typically heard in Raleigh. The PTC is comprised of 5 members appointed by the Governor and the Legislature. Information for the NC Property Tax Commission may be reviewed at https://www.ncdor.gov/taxes/north-carolinas-property-tax-system/property-tax-commission. Prior to the hearing, representatives of the Department of Revenue will meet with the County and the taxpayer to review the merits of the case and resolve them when possible. The taxpayer or the County may appeal the decision of the PTC to the Court of Appeals.
Valid Reasons For An Appeal
- The assessed value is not comparable to market value, as of the reappraisal date.
- The assessment is not equitable to comparable properties.
- Errors on a property record card.
Invalid Reasons For An Appeal
- Amount of increase is too much
- County services are too low
- Inability to pay
- Taxes are too high
Examples of documentation to support taxpayers opinion of value:
- Private fee property appraisals or market analysis conducted from January 1, 2021 through December 31, 2018.
- Sale contracts, MLS data, listing information, or relevant sales information dated from January 1, 2021 through December 31, 2022.
- Copies of surveys, pertinent land data, recent photographs of any major structural damage or physical repairs, and/or improvements.
For further assistance or additional information please call the Assessor's Office at 704-928-2043.