2025 Revaluation Materials
Revaluation is the process of appraising all properties in Cumberland County to ensure fair and accurate tax assessments using adopted schedules and standards. This process helps to reflect any changes in property values since the last revaluation, maintaining equity among properties.
Cumberland County has completed its 2025 Revaluation and real property tax assessments are updated to reflect current market value. The last revaluation was January 1, 2017. North Carolina law mandates that counties must carry out a property revaluation at least once every eight years.
Key Points:
- Market Value: Properties are valued based on their market value, which is determined by what they would sell for between a willing buyer and seller.
- Equity: The objective is to assess properties in a fair and consistent manner, without the intention of increasing or decreasing taxes.
- Schedule of Values: The Schedule of Values for 2025, which outlines the process for assessment of properties, has been finalized and is now available for review.
- Tax Assessments: After the 2025 revaluation, tax assessments will be based on the new market values.
- Tax Exemptions: Previously approved tax relief applications are still valid. There is no need to submit a new application.
All real property must be reappraised in accordance with the provisions of G.S. 105-283 and 105-317.
2025 Revaluation Timeline
- Feb. 21, 2025: Notices mailed to property owners.
- Feb. 24, 2025: Cumberland County Tax Administration will begin accepting appeals requests.
- March 24, 2025: Deadline for property owners to submit a request for an informal appeal to the Tax Administration Office.
- April 23, 2025: Board of Equalization and Review convenes for 2025.
- May 28, 2025: Deadline for property owners to file a formal appeal to the Board of Equalization and Review through the Tax Administration Office, Board of Equalization and Review adjourns.
- June 2025: County elected officials will adopt the FY 2026 budget, setting the tax rate for 2025 tax bills. Municipal elected officials will also adopt their FY 2026 budgets, establishing tax rates for their respective municipalities.
- July 1, 2025: New tax rates using the updated assessed values take effect.
- August 2025: 2025 Tax Bills scheduled to be mailed.