In 2017, Chatham County completed a state-mandated revaluation to update the assessed tax value of each property so that it is consistent with the current market value, as of January 1, 2017 Revaluation helps ensure a fair and equitable distribution of the tax burden. NC General Statute 105-283 defines current market value as the estimated price at which a property would change hands between a willing buyer and seller, with neither party under pressure or duress.
The new values took effect on January 1, 2017. However, tax bills on these values are not due until September 1, 2017. However, the last day to pay 2017 taxes without incurring penalties is January 5, 2018. Penalties will incur starting January 6, 2018.
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To view the adopted Schedule of Values online, use the links below. We had to break the document into four parts due to its file size:
PART I: Table of Contents, Components of Reappraisal, Statutory Requirements, Property Valuation, Data Inventory, Replacement Cost Schedules & Tables.
PART II: General Grades & Tables, Percent Good Schedules & Tables
PART III: Land Schedules & Tables, Supplemental Data
PART IV: Appendix (note that some documents in this section come from other sources and have their numbering.
PRINTED COPY: You also can view a printed copy in the Office of the Tax Administrator located at 12 East Street in Pittsboro.