Update: April 16, 2018
The 2018 Board of Equalization and Review is scheduled to be in session from 6pm - 9pm on April 30th, May 15th and May 31st in the Commissioner's room located on the second floor of the County Administration Building at 113 Market St, Louisburg. No new appeals will be accepted following the adjournment date of May 21st, 2018.
Update: April 4, 2018
Notices of Value Decision are being mailed this week. These reflect the results of Property Reviews that have occurred from February 9th through March 28th and indicate whether the value increased, decreased, or remained the same. On April 16th, the 2018 Board of Equalization & Review will convene during the commissioners’ meeting at 113 Market St, Louisburg. The last date to appeal values to the 2018 Board of Equalization & Review is May 21st, 2018.
Update: March 26, 2018
All Property Review meetings have been completed. Our staff is currently completing the review of information provided and applying changes where needed. Certain Property Reviews indicated a need for an onsite visit. These visits are slated to be completed during the week of March 26th – March 30th.
Every property owner that participated in a Property Review, will receive a Notice of Value Decision. The notices are scheduled to be mailed on April 6th. Please check our webpages for any changes to this date.
Update: March 12, 2018
The time period for requesting a property review has come to a close. Results from the property reviews are expected to be mailed to everyone that participated. The expected mailing date is late March/early April.
2018 General Reappraisal Property Values
On February 9th, value notices will be mailed to all real property owners.
The statutes require the general reappraisal to bring all properties to market value. One of the measures of market value is the Assessment to Sales Ratio (assessed value divided by sales price). Our current values set this ratio at 98.63%. A ratio above 100% means over-valued and a ratio under 100% indicates under-value. Currently, we are slightly under-value but well within tolerance considering we are in a rising real estate market.
Even with an under-value Assessment Sales Ratio, the overall county real property values have increased significantly as compared to last year’s budgeted value. A portion of the increase is attributable to new building and sub-divisions; but a majority of the increase reflects the increase of the real estate market since 2012 (the county's last reappraisal year). Of the near 40,000 parcels in the county - 33,500 parcels have value increases as compared to last year's value.
2018 Revaluation Update
At the November 5th meeting of the Board of Commissioners, it was announced that real property values are generally going up as part of this revaluation. Here is the full presentation.
2018 Schedule of Values
The 2018 Schedule of Values was adopted by the Franklin County Board of Commissioners at their September 18th meeting. A copy of the 2018 Schedule of Values is available for public review at the Franklin County Tax Assessor's office. Additionally, the links below contain the entire contents of the 2018 Schedule of Values.
Street Level Imagery Project Complete
The 2017 Street Level Imagery Project has been completed.
2018 Revaluation Frequently Asked Questions
This document contains answers to many of frequently asked questions about the 2018 Revaluation.