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New tax assessments have some homeowners seeing significant increases NHC tax evaluations cause alarm for many homeowners By Michael Praats | March 5, 2021 at 1:29 PM EST - Updated March 5 at 7:21 PM WILMINGTON, N.C. (WECT) - Every four years, New Hanover County does what is called a tax revaluation, and this year, for many across the county, values have gone up. A revaluation means the county takes a look at property values and assures property owners are being taxed correctly, based on the value of their land and home. “The importance of conducting a reappraisal is to establish equity and fairness among property types various property types can increase or decrease in value at varying rates causing the shift in the tax burden,” Tax Administrator Alison Snell said. ....