Recently, I received a property tax assessment for an inventory home we have under construction. The home will sell for $800k, so you can imagine the tax bill could be high on this one. Fortunately, we had done the proper paper work to request a lower assessment based on the builder inventory bill that the NCHBA got passed in the General Assembly.
Instead of an assessment of $588,0000, we received a correct assessment of $85,000 – Lot value. The saving in tax is $5505 on this one house! I have paid my HBA membership for 10 years on the savings from this one house.
Be sure to share your own stories of how the HBA has benefitted you and your business when talking with other members. There is so much that we benefit from that ultimately benefits the home owner. Without the NCHBA at work in Raleigh, I would have a very different tax bill today.
Be proud of the team you are on!
Alan C. Banks, Evans Coghill Homes
2018 President – NC Home Builders Association