Pittsboro, NC – Chatham County homeowners are grappling with the results of the county’s latest property revaluation, which has led to significant increases in assessed property values across the region. The revaluation, finalized in early 2025, has raised concerns among residents about rising property taxes and affordability, particularly for long-term homeowners and seniors on fixed incomes.
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According to the Chatham County Tax Office, the revaluation process, required by North Carolina law at least every eight years, reassessed all commercial and residential properties to reflect current market conditions. This county, part of the rapidly growing Triangle region, has seen a hot housing market drive up property values, mirroring trends in neighboring Orange, Wake, and Durham counties. While exact figures for Chatham’s overall tax base increase were not released, many homeowners saw their property values rise by 30% to 50% or more, reflecting the area’s booming real estate market.
The revaluation comes at a time of significant development in Chatham County, including the planned Storyliving by Disney community, Asteria, and a $5 billion Wolfspeed semiconductor factory in Siler City. These projects, along with the county’s proximity to Chapel Hill and Raleigh, have fueled population growth—Chatham’s population grew by over 10% since 2020, according to U.S. Census data—and heightened demand for housing.
The revaluation does not directly set property tax bills, as tax rates will be determined during the county’s budget process that is happening now. Commissioners have the option to adopt a revenue-neutral tax rate, which would offset the increased property values to keep tax bills stable for many residents, or adjust the rate higher or lower based on budget needs. In neighboring Orange County, where property values rose to $32.6 billion in 2025, residents pressed for budget cuts or a delayed revaluation to ease the tax burden.
The revaluation’s impact extends beyond homeowners to local businesses and developers. Commercial property owners, particularly in fast-growing areas like Chatham Park, face higher tax liabilities, which could influence future development plans.
As Chatham County continues to grow, the revaluation underscores the tension between economic growth and affordability. Chatham residents will be watching closely for solutions to balance the county’s prosperity with the needs of its diverse community.
For more information residents can visit the Chatham County Tax Office website or call 919-542-8250.
- Address: The Tax Administration Office is situated at 12 East Street, Pittsboro, NC 27312. The Tax Collector’s Office is located at 192 West Street, Pittsboro, NC 27312.
- Phone Numbers: For general inquiries, you can reach the Tax Administration Office at (919) 542-8250 and the Tax Collector’s Office at (919) 542-8260