FAYETTEVILLE -- Reappraisal notices for Washington County real property owners will be sent through the mail starting today, the county assessor said.
The notices will show the values of about 94,000 parcels and how they've changed since the last reappraisal about five years ago, Assessor Russell Hill said. The values set owners' property taxes, most of which go to public schools.
"We do reappraisal typically every five years unless there's something in the market where it would change more than 20 percent, which is rare," Hill said.
The mass appraisal process is done largely from the air, with helicopter flyovers taking photos of the entire county to find any changes, such as an expansion to a home, done since the last re-appraisal, Hill said. The process also takes into account construction and real estate market trends. It's been an ongoing effort for the past five years.
"Most people will see a change," Hill said, noting across the board values have gone up roughly 6 percent. State law limits increases to 10 percent or less from year to year. "We're looking that the market has stabilized and we're starting to see growth."
Hill plans to lay out his office's findings and trends during Tuesday's meeting of the county Quorum Court's finance committee. It's set to start at 5:30 p.m. in the Quorum Courtroom of the county courthouse in Fayetteville.
Property owners can protest their re-appraisals before the county's equalization board from August through October. Owners have to set up an appointment with the board through the county clerk's office from July 13 through Aug. 17.
NW News on 07/06/2015