Revaluations mean lower tax rate, but likely higher tax bills in Wilmington, New Hanover County

Both the City of Wilmington and New Hanover County are proposing to lower the tax rate, but with recent property revaluations, homeowners will end up paying possibly hundreds more in taxes this year.

Both the City of Wilmington and New Hanover County are proposing to lower the tax rate, but with recent property revaluations, homeowners will end up paying possibly hundreds more in taxes this year. This rate decrease seems at face value to improve our tax liabilities as citizens of New Hanover County and Wilmington but in actuality, it looks like it will end up raising our taxes based on the new property tax revaluations that occurred last year. This means that you might end up paying more taxes overall because your property value increased. Even with the reduction in the tax rate your overall liability might be higher this year. 

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  • Matthew Dula
    published this page in Blog 2021-05-24 10:51:53 -0400