Quite a few counties in North Carolina are reassessing property tax values in 2019. If your business has a location in one of these impacted counties, you may want to have us take a look at your values and see if there could be savings found as a result of your reassessment.
For many businesses, property tax is the largest state and local tax obligation, and one of the largest regular operating expenses incurred. Unlike other taxes, property tax assessments are based on the estimated value of the property, and thus, are subject to varying opinions. Businesses that fail to take a proactive approach in managing their property tax obligations may be missing an opportunity to reduce their tax liability.
Each county has a different time schedule for assessments as well as disputing values. If your business operates in one of the below counties, reach out to us so we can help establish a timeline and look into savings opportunities.
Impacted counties include:
Find out more by reading our post on 10 common property tax myths and the truths that counter them.