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Reassessment sends some Franklin property values skyrocketing

Posted February 29, 2012
Updated March 5, 2012

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— Franklin County commissioners plan to meet next Monday to review a property revaluation that has caused the value of some people's homes to jump by up to 700 percent.

County Tax Administrator Jimmy Tanner said Wednesday that his office has gotten numerous complaints about the revaluation since last week.

Marie Dement, 80, has lived along U.S. Highway 1 in Youngsville for almost four decades. Last year, her property was valued at $76,000, but the revaluation raised it to $446,000.

"I'm not sure I'll be able to pay it," she said of her property tax bill. "Never in my wildest dreams did I ever expect anything like this."

Charles McGhee, her grandson, lives next door, and his property value went from $113,000 before the revaluation to $890,000.

"I was looking at my house, (and) it's a mobile home," McGhee said. "Not to knock anybody with a mobile home, but I am now Franklin County's first redneck millionaire."

Some of the properties along U.S. 1 are now zoned business instead of residential, and homeowners wonder if that is why their tax values skyrocketed.

Franklin County property revaluation Franklin commissioners question property revaluation

"I would hope that these would be properties that, if they were appealed and reviewed, that there would be a correction," Tanner said.

County commissioners hired Garner-based Assessment Solutions to do the revaluation, and commissioners said they want to make sure everything is right.

"I wanted some answers. The citizens want answers," said Shane Mitchell, chairman of the Franklin County Board of Commissioners.

Assessment Solutions couldn't be reached for comment Wednesday.

County officials urged anyone whose property value significantly increased in the revaluation to appeal their case.


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  • jtcarolina Mar 1, 2012

    If your property is zoned for commercial development and you're just using it for a mobile home, what do you expect? If you don't want the high tax bill, have the county zone your property residential. Commercial property on US1 is always going to demand a high $$$. My guess is they've wanted to market their property as being "ready for development" / "zoning in place", but now that development has cooled, they're now reaping what they sowed. Can't have it both ways I'm afraid. Not the government's fault...it's just the way the market works.

  • Vietnam Vet Mar 1, 2012

    "I'd like to see what an $890,000 mobile home looks like."

    I'd like to see him get $890K in this market, in fact if I were him, I'd sell off the property just as fast as I could...

  • btneast Mar 1, 2012

    Typical of many county goverments. Didn't want to come out and raise property taxes, so they "re-evaluate" to get the extra money

    ...I am pretty sure that tax reassessments are mandated to happen every so many years.

  • btneast Mar 1, 2012

    I'd like to see what an $890,000 mobile home looks like.

    ...its the land that is valuable, not the mobile home. That US1 corridor is very hot as far as commercial property goes.

  • oleguy Feb 29, 2012

    Its not right to burden Seniors like this, I dont think they should have to pay this as long as they live in the same house. Once they pass or decide to sell then up the taxes,,, But not before...

  • cushioncritter Feb 29, 2012

    Not mentioned in the article: notices went out Feb. 17, and we have only 20 days to appeal, and calling the appeal number gets us an answering machine 24/7. So the only hope is to try to appeal online, that is, if you have a valid reason (as defined by Franklin Co.).

    The notice says specifically that "percentage increase over previous valuation" is NOT a valid reason for appeal, so the $890K mobile home owner will have to get an appraisal or show a recent comp. sale, realtor listing agreement, or closing statement.

    As the revaluation notice states, "NC General Statute 105-283 requires [Franklin County/Garner Contractor] to appraise all property at 100% of its true market value ..." -- as usual, what is the recourse when they don't?

  • whatelseisnew Feb 29, 2012

    "I was looking at my house, (and) it's a mobile home," McGhee said. "Not to knock anybody with a mobile home, but I am now Franklin County's first red neck millionaire."

    I love this comment. It is time to release property owners from tax slavery. There is no longer a valid reason to have property owners unfairly carry the cost of County services.

  • are you kidding me Feb 29, 2012

    Government needs to go on a diet. Police, fire fighters, sanitation, water...after that, should be self sustaining

  • pm2 Feb 29, 2012

    Typical for way for the government to exercise their authority over your property rights...They want you to sell/develop the property so the tax base will increase and give them more MONEY...If you do not want to do that...they will just increase your taxes so you HAVE to sell and they get their way.....seek "founder's truth"

  • miseem Feb 29, 2012

    Gonna be hard for the county to stick with the extreme revaluations, but some of these people will probably see s pretty big jump in tax. Appraisers judge by the highest and best use of the property. If a small, poorly maintained home sits on a particularly valuable piece of land, the home may actually decrease the "potential" value of the land, since it will need to be torn down. However, with the current real estate market and the fact that these are owner occupied homes, let's hope that the county assesses it on a residential basis. Although reassessments are supposed to be revenue neutral (tax rates go down with the increased value), it never works that way.