Rocky Mount NC: Revaluation may not hurt housing market – Rocky Mount Telegram

The Watch Dog response: And the truth be made known but some still will not accept it because they want to see Rocky Mount in the negative. Sad! The realtors have spoken so who you gonna listen to someone up here hiding behind a code name or the professional? When will the ignance end? Oh never! Just like racism but we can call them out though!

With Nash County residents expected to see a significant drop in property values next year, area realtors say it shouldn’t have much effect on the local housing market.

During last month’s Nash County Board of Commissioners’ meeting, commissioners were surprised to learn county property values could undergo an average 10 percent to 15 percent drop in 2017. The new values will be reflected in property tax bills next year.

At the meeting, Bob and Fred Pearson of Pearson’s Appraisal Service indicated high-end homes in Rocky Mount would see a sharp decline in value. A home selling right now for $500,000 will soon be worth $400,000, according to the appraisers.

Mayor David Combs, who also owns Century 21 Combs Co. in Rocky Mount, has a different perspective.

“They don’t go down and appraise every single house,” Combs said. “They do selected type appraisal and it’s kind of based on some subjectivity.” (Source: Read more)


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