Property Tax Appeal Questions

[Jordan L.]

Hey all,

   Recently a couple of counties in North Carolina where I own properties have run revaluations that will result in the doubling of my property taxes.  I am likely going to appeal the new assessed values.  I have a couple of questions before I move forward with submitting the appeals.

1.  Have any of you actually experienced your assessed value INCREASING after submitting a property tax appeal?  Each of the revaluation statements includes verbiage that if I appeal the new assessed values, the taxes could potentially decrease, remain the same, or increase.

2.  Each of the properties needs a significant cap-ex repair.  One needs a new septic tank and plumbing to the tank from the house (already working with the county on this one), and one needs foundation work (I have a $22k estimate in hand).  Both properties are currently tenant occupied.  Am I placing myself at risk in any way by giving this information to the county tax office?  For example, could they deem my properties unlivable if I disclose this info?  Both properties are habitable w/o risk to my tenants but these are things I need to take care of in the near or semi-near future.