Monday, November 05, 2018 / by Tim Peirce
Beaufort County homeowners should have already received their reassessment in the mail. Let’s explore what this reassessment notice means and what you can do if you disagree with it.
Like many others I’ve been hearing from, you may have recently received a Beaufort County reassessment notice and have questions about it. So today, I’ll go through what this is and answer some of your questions and concerns.
Beaufort County assesses properties in a few different ways. The most common way is an assessable transfer of interest, also simply known as the sale or retitling of a property. Typically when a home is purchased, that purchase price is used to value the property, which is adjusted in the subsequent year of ownership.
A lesser known way of assessment is through a county-wide assessment, which is the notice you’ve recently received. These updated values are as of Dec. 31, 2017, and you’ve most likely seen your value increase quite a bit. Beaufort County overall is up about 6.8% and Bluffton is up 22%.
People who disagree have been asking how to appeal it, which is a simple process. Within 90 days of receiving the reassessment notice, notify Beaufort County in writing that you disagree with the new value. You’ll need supportive documentation, such as comparable sales, appraisals, sales contracts, or even photos. The county could ask you questions and you’re perfectly within your rights to hire representation (not a real estate agent). If you want to continue after this step, you’ll need to notify the county.
If you need to find comparable sales, I’ve created a handy form to fill out so we can help you. You can also find a helpful reassessment guide that covers how to process appeals, what the reassessment is, how the county values property, and more. If you have any more questions or need further assistance, feel free to reach out to us. We’ll help you in any way we can.