The purpose of the 2023 Reappraisal is to equalize the tax burden among property owners and among all classes of property. Property values change with time due to market conditions and other factors. This results in groups of properties being under or overvalued. The periodic reappraisal of real property equalizes the tax burden by insuring all real property is assessed at the current fair market value. Assessed values in North Carolina counties reflect market conditions as of January 1 of the reappraisal year. Iredell County’s last reappraisal was January 1, 2019. January 1, 2023 is the effective date of the next reappraisal. All real property will be reappraised. If no changes are made to the property after January 1, 2023, this updated value will remain the same until the next reappraisal. The 2023 Schedules of Values, Standards, and Rules will be applied to all land and new structures added to the county tax roll until the scheduled 2027 Reappraisal.
For further details on the 2023 Reappraisal process you can view information at the following links: