Wilmington, NC – New Hanover County says it will conduct the next property revaluation four years from now.
State law requires property revaluations at least every eight years. And the last New Hanover County tax revaluation happened in 1999 - eight years ago. But New Hanover County Manager Bruce Shell says the next revaluation will come around in 2011.
We've had a four year, for years, but due to hurricanes which upset the comparability of sales prices, we weren't able to implement that.
New Hanover County's tax administration office says it counted nearly 96,000 parcels of land last year. County commissioners have until July 1st to set a new tax rate for the 2007 property revaluations.
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