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Excessive appraisal values replicate atypical actual property tendencies | Information

RUTHERFORDTON — If the county’s property house owners want to perceive why their latest revaluation value determinations present dramatically excessive values, look no additional than the present development of actual property throughout North Carolina, together with Rutherford County.

Between hovering actual state gross sales, exasperated by a scarcity of obtainable stock, and the state’s formulation for figuring out a property tax worth, the latest revaluations have shocked property house owners all through the state. Surging values usually happen in metropolitan areas, however latest revaluations present the rise in property values is a statewide situation. Rutherford County isn’t any exception.

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