Why is Gaston County reappraising properties?

North Carolina General Statute 105-286 requires all counties to conduct a reappraisal at least once every eight years. Gaston County's last reappraisal was performed in 2019. The goal of reappraisal is to distribute the overall tax burden throughout the County in a way that is fair and equitable, and based on current property values.

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1. What is reappraisal?
2. How are properties assessed?
3. Why is Gaston County reappraising properties?
4. What is the benefit of reappraisal?
5. What is Market Value?
6. How does reappraisal affect my taxes?
7. Who assesses my property? How are they trained?
8. Does reappraisal cause gentrification?
9. Is Gaston County inflating property values to raise money?
10. Does Gaston County conduct a reappraisal only at the peak of the market?
11. My reappraisal shows my home value went up quite a bit since 2019. Does that mean my taxes are going up by that same amount?
12. Will property owners be locked in to paying the new amount for the next four years? What happens if the economy gets worse?
13. Why did Gaston County do the reappraisal now?
14. Is Gaston County the only county conducting a reappraisal this year?
15. What is the average increase?
16. What goes into my tax rate?
17. What is the revenue neutral rate?