Mecklenburg Property Taxes Could Increase Dramatically with New Potential Tax Rate and Property Values
The Mecklenburg County Board of County Commissioners (BOCC) met today and spent significant time discussing the 2019 revaluation.
- While we have suggested based on prior reports that the BOCC will try to set a “revenue neutral” tax rate, Mecklenburg County Budget Director Michael Bryant said something today that suggests that might not be the case. Bryant said that a revenue neutral rate will not allow the BOCC to fund any new initiatives. That doesn’t necessarily mean the new rate will not be revenue neutral, but if the BOCC has new initiatives in mind, then it may settle on a tax rate that increases revenue.
- There are a significant number of properties in Charlotte’s Uptown that are going to see at least a 100% increase from the previous revaluation. Here is a map from MeckReval.com showing those properties:
- In addition to Uptown, a significant number of properties in Plaza Midwood, NoDa, Villa Heights, east Charlotte and pockets in west Charlotte are going to see 100+% increases.
We still have not seen any revaluation notices from any of our clients, but expect they will start rolling in soon. Mecklenburg County states that notices were mailed out on January 23. The deadline for filing a request for an informal review is 30 days from the mail date — which should be February 23. The formal appeals deadline is May 20.