Next revaluation likely to be postponed until 2017
The likelihood of another property revaluation in Haywood County anytime soon is low.
At the county commissioner meeting Monday, Haywood County Tax Collector David Francis discussed the latest market information on property sales that showed the current values are 102 percent of actual sales prices.
That means property values have dropped slightly since the values were set and individuals may be able to purchase homes or other properties for about 2 percent less than they are valued on the tax rolls.
After a mass appraisal in the 2009-10 fiscal year, property values were reset at market value as of Jan. 1, 2011. At that point, the overall cost of buying property and its value on the tax rolls was at 99.9 percent, though there were some exceptions that were handled through the appeals ...