Does reappraisal cause gentrification?

The reappraisal values are modeled after the market transactions that have already occurred, i.e. sales that have taken place. The Assessor’s Office follows the market, it does not set the market.

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1. What is reappraisal?
2. How are properties assessed?
3. Why is Gaston County reappraising properties?
4. What is the benefit of reappraisal?
5. What is Market Value?
6. How does reappraisal affect my taxes?
7. Who assesses my property? How are they trained?
8. Does reappraisal cause gentrification?
9. Is Gaston County inflating property values to raise money?
10. Does Gaston County conduct a reappraisal only at the peak of the market?
11. My reappraisal shows my home value went up quite a bit since 2019. Does that mean my taxes are going up by that same amount?
12. Will property owners be locked in to paying the new amount for the next four years? What happens if the economy gets worse?
13. Why did Gaston County do the reappraisal now?
14. Is Gaston County the only county conducting a reappraisal this year?
15. What is the average increase?
16. What goes into my tax rate?
17. What is the revenue neutral rate?