Maggie Valley Town Board of Alderman passed the proposed 2021-22 budget on June 8. 

Macon County commissioners approved the 2021-22 fiscal budget, but two Republican commissioners opposed its passage because they disagreed with increasing the tax rate. 

Yes, your property tax rate is going down, but no, your property tax bill probably bill isn’t. Wait, what? 

During an April 29 work session, four of Sylva’s five board members signaled their approval of a draft budget totaling $4.9 million, 18 percent more than the budget approved last June. It includes a tax rate increase of 1.5 cents per $100 of property value and $400,000 in America Rescue Plan funding. 

Sales tax receipts are booming in Sylva and a newly completed property revaluation will bump real estate values by about 14.5 percent this year — if tax rates stay the same, the town would expect to receive $345,000 more in the coming fiscal year than in the current year’s budget.

With the 2021 property revaluation now complete, Jackson County’s taxable value will rise nearly 20 percent over the value established during the last valuation in 2016 and 12.1 percent over the value for the current fiscal year, the last using 2016 valuations. 

Despite the dire predictions of spring 2020, Jackson County’s budget prognosis for the 2021-2022 fiscal year is looking downright positive, commissioners learned during a Feb. 23 budget retreat. 

Although the results of Haywood County’s comprehensive revaluation process haven’t yet been mailed out, county administrators and elected officials want property owners to prepare for what’s coming in terms of potential changes to their property’s value. 

After more than a year of work, Haywood County’s property revaluation process is nearly complete and will be presented during a forthcoming public hearing. 

Tax values for Jackson County properties are set to rise next year as the county enters the final stages of its process to revaluate property values last set in 2016.