Mecklenburg County is preparing to mail out new tax values for all 280,000 residential properties in south Charlotte’s District 5 and northern Mecklenburg’s District 1 in late January or early February. North Carolina state law requires that counties conduct revaluations at least once every eight years, which was last done in 2003 for this county.
Residents of District 1, which includes Mountain Island Lake, Cornelius, Davidson and Huntersville, will be able to get a glipse of how neighborhoods have fared since the county’s last tax reappraisal at an upcoming community meeting January 10th. The county’s Tax Assessor’s Office will share information, including home sales data for a sample of neighborhoods in the Lake Norman area. In many cases, those neighborhoods have appreciated in value far more than the county average, which has some homeowners concerned about their property tax bills going up.
Commissioners will also be setting a new tax rate in mid-June. The tax rate – which is computed per $100 of appraised property value – determines how much property tax is assessed.
To be prepared and learn more about how this could impact you, come to the meeting January 10th!
Meeting Information: (Free and open to the public)
January 10, 2011 at 6:30pm
Cornelius Town Hall
21445 Catawba Ave, Cornelius
District 1 Commissioner: Karen Bentley