Revaluation in Jackson County back on ... maybe?Written by Quintin Ellison
In a we-were-really-just-kidding-around reversal, Jackson County commissioners this week decided to delay their previous decision to delay property revaluation.
A draft resolution to push back the countywide appraisal from next year to 2016 was thoughtfully included by county staff in commissioners’ and media’s agenda packets, but was ignored as commissioners by collective consensus shied away.
Commissioner Mark Jones, a Democrat who lives in the Cashiers area, acknowledged he’d gotten plenty of emails and phone calls from constituents on the subject. The market value of high-priced lots and homes are destined to fall in a countywide revaluation. Delaying the reval means the county can continue taxing high-end properties on a book value that is no longer realistic. But going forward with it would shift property tax burden to median-priced properties.
Chairman Jack Debnam, a real-estate agent in real life, said his change of heart was from a conviction the county needed to see the results of revaluations under way in Haywood and Henderson counties before making such a decision.
Tax Assessor Bobby McMahan had recommended the delay. During a prior board meeting, McMahan cited the extreme downturn of the real-estate market and the difficulty of accurately determining market value.
The purpose of a revaluation is to determine fair market value for tax reasons.