… Impacting Property Taxes For Charlotte Area Homeowners
Mecklenburg homeowners face higher property taxes in 2019. It’s been eight years since Mecklenburg County undertook a property revaluation for tax purposes. North Carolina state law requires a revaluation at least once every eight years. This week, Mecklenburg County begins mailing thousands of property value notifications to homeowners.
Charlotte area homeowners should be prepared for some surprises and for increases in their property taxes, although until each town in Mecklenburg sets its tax rates later this year as they set their budgets, it’s still unclear how much property taxes will increase. There is always the chance that some of Mecklenburg’s towns will reduce tax rates to keep the impact from increased property values relatively neutral.
According to the county assessor’s office, the total median value of Mecklenburg County real estate increased 54% since the last revaluation in 2011 — a 43% increase in residential property values and an astounding increase of 77% in commercial property values.
Commercial property includes apartment buildings, so it’s likely renters can start expecting an increase in rent rates at some point soon.
With almost 372,000 parcels that have been revalued in the County, it might take some time for property owners to receive their notices. So, if you can’t wait to receive your property revaluation notice in the mail, you can find the information on-line, beginning tomorrow, Thursday, January 24th, on the Mecklenburg County Property Information System portal.
What To Do If You Disagree With Your New Property Valuation
You can take one of two steps:
- Request an informal appeal on-line.
- File a formal appeal with the Board of Equalization and Review by May 20, 2019.
Instructions on how to file either a formal or informal appeal are as follows:
For more information about the revaluation process, property tax exemptions, filing appeals, etc. you can go to Mecklenburg County Assessor’s Frequently Asked Questions page.
Still have questions?
Contact the County Assessor’s office at AssessorQuestions@MeckNC.gov or call 980-314-4226.
This Mecklenburg County property tax revaluation update is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We’ve been opening doors for Charlotte region home buyers and sellers for 20 years.
If you’re considering selling or purchasing a home in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:
“The Right Broker Makes All The Difference.”
Featured Property Tax Image credited to: Greenbush Finanacial
Increasing Tax Image credited to Scharf Pera & Company, PLLC
First published at: https://activerain.com/blogsview/5324501/charlotte-area-homeowners-brace-for-higher-property-taxes-in-2019