The Transylvania Times -

By John Lanier

Property Reappraisal Will Be Challenging, Reid Says- Rosman NC


Last updated 8/13/2014 at 12:14pm

County Tax Collector David Reid told members of the Rosman Board of Aldermen Tuesday night that the upcoming property reappraisal scheduled for 2016 will be challenging due to a decrease in the tax base.

“That’s going to be an unusual situation,” said Reid.

In the past, home and property values overall have increased from one county reappraisal to the next. This time, however, the market value of many properties in the county has decreased.

As a result of a projected lower tax base, Reid said local governments might have to increase their tax rates to remain revenue neutral. Reid sa...

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