Some Cabarrus County property owners told Channel 9 that their values skyrocketed on their tax revaluations.
The county’s tax assessor told Channel 9′s Jonathan Lowe that those are not bills.
Cabarrus County to send out revaluation notices in coming weeks
However, some property owners fear it’s a sign of what’s to come.
Lowe spoke with a homeowner who is worried a revaluation is going to impact working-class families trying to make ends meet.
“We all know taxes and the values go up and down, fluctuate constantly, but to do over 100% increase in that jump, that fast,” said homeowner Trey Adams. “It doesn’t prepare people.”
Counties across the state are required by law to conduct revaluations at least every eight years.
Cabarrus County does the process every four years.
“A revaluation resets everyone’s property value as of one date to a particular value and then our system, which is based on value, is equitable,” said David Thrift, the Cabarrus County tax administrator.
Lowe asked Thrift why the increases in assessed value appear so massive.