The tax bill arriving in your mailbox is about to hit your wallet

Property tax notices are hitting mailboxes and wallets this week in Buncombe County. The county's property values increased 28 percent in this year's reappraisal. (Photo credit: WLOS staff)

Property tax notices are hitting mailboxes (and wallets) this week in Buncombe County.

Buncombe County property values increased 28 percent in this year's reappraisal, the first since 2013. Reappraisals are required by law every 8 years; Buncombe County usually does one every four years, according to the interim tax director.

County commissioners lowered the tax rate to 53.9 cents per $100 property value, down from 60.4 cents last year.

But the rate is 2.6 cents higher than "revenue-neutral," the level at which overall revenue stays the same as last year.

Part of that increased revenue is needed due to the county's purchase of the failed Deschutes Brewery property, and to help fund construction of the Health & Human Services building.

Dr. Andy Kersten and his wife just moved into a new house in South Asheville in May to make more room for a growing family--two kids and one on the way.

The bigger house came with a bigger mortgage, though he's not sure that would have made much difference.

"I wasn't happy about getting a 20-30 percent tax increase, but I knew going into it that was going to happen," Kersten said. "If we would have stayed in the house before, I'm sure taxes would have gone up."

Depending on a homeowner's property valuation, their tax due could be more or less than last year's bill.

"Yes, lot of values went up, but rates came down," said Keith Miller, Interim Tax Director of Buncombe County. "A lot of people may not see an increase, and some may see a decrease."

City of Asheville residents pay an additional 43.89 cents per $100.

The city's CFO told News 13 in March that level is right at revenue-neutral when including the cost of implementing and paying debt service on the three bond referenda passed in November's election.

"It's a progressive tax, but as long as it improves the infrastructure I think it's an OK thing," said city homeowner Joanna Best.

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