City Council Special Workshop Meeting - 2026-02-05
Meeting Intelligence Preview
Meeting Summary
The Jacksonville City Council held a special workshop focused on the 2026 Onslow County property tax revaluation, which will result in a median 37% increase in assessed property values countywide effective January 1, 2026. The current median assessed value has risen from $215,000 in 2022 to $295,000. The city's current tax rate is 60¢ per $100 of valuation, with a follow-up presentation on the city's tax rate scheduled for March 3.
Market Signals (4)
Housing Demand
Onslow County property values have increased 37% median since the last revaluation, with assessed values rising from $215,000 to $295,000, indicating strong market appreciation across all areas including beach properties.
Sentiment
Growth has been consistent across all areas of Onslow County with no isolated spikes, suggesting broad-based demand rather than localized speculation.
Commercial Demand
Commercial property will be affected by the revaluation alongside residential, indicating commercial values have also appreciated significantly.
Other
The city dedicates approximately 103% of ad valorem tax revenue to fund public safety services, compared to 68-70% in peer municipalities, reflecting high service levels but constrained fiscal flexibility.