10,700 Properties Decrease In Value In Alamance County

5:36 PM, Jun 8, 2009   |    comments
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Alamance County, NC -- Thousands of Alamance County property owners will pay less on their property taxes.

The county's controversial property revaluations led to value reductions on 10,688 properties. 187 properties had value increases. The value of 1,318 properties stayed the same.

Assistant County Manager Tim Burgess says about 1,500 properties are still being evaluated.

Burgess says the property value decreases mean a 2.64%  decrease in the county's tax base. That comes out to more than $336 million.

Burgess says the county budgeted for a 2.5% drop.

He says the county will make up the difference by ramping up tax collections from people who haven't paid.

Alamance County Tax Administrator Kim Horton resigned last month amid the revaluation controversy.

More than 12,000 property owners filed appeals over the revaluations.

WFMY News 2

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