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We own a 6,000 sq ft building on a small lot near Wake Med. area. Tax revaluation took us from approx $450K value to over $1.M!!

Who are they kidding?...we paid less than half that for it 3 years ago (after it was on the market for over 1.5 years) and felt we paid a premium at the time. I know there has been legitimate appreciation but....still.

So basically our tax bill has potentially more than doubled...and do you seriously think we could sell it anywhere near the amnt they value it at?? If they will give us 90% of what they value it at, we would sell it to the County tomorrow.