This week, the Buncombe County Board of Commissioners held a public hearing for and approved the 2025 Schedule of Values. Since this process determines the methodology and procedures for assessing property values throughout the county, we’re breaking down what it means and where we go from here.
On Jan. 1, 2025, the value of all real property in Buncombe County will be reassessed for the first time since 2021. This time around, the county will redelineate neighborhoods and update its land valuation process. Land valuation will include assessing the highest and best use, comparing sales of similar properties, and adjusting for market values.
Throughout this year, appraisers are looking at local properties to make those assessments, which will be mailed to owners in January. Since a lot has changed on the real estate front since four years ago, now’s a good time to learn about applying for tax relief + appealing the assessed value.
