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New Hanover s property values increased 30% in the last four years. Here s what that means.
Emma Dill, Wilmington StarNews
© KEN BLEVINS/STARNEWS
New Hanover County Government Complex March 31, 2021.
The assessed value of all property in New Hanover County increased 30% since the county s last assessment in 2017.
The county s new tax base before appeals is $43.3 billion, compared to $30.5 billion in January 2017. That jump doesn t mean the assessed value of each property changed at the same rate.
An increase in assessed value also doesn t necessarily translate into higher property taxes. The final tax rate will be approved by the New Hanover County Board of Commissioners in June. ....

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