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Rising real estate values drive higher property tax bills in Mecklenburg County

MECKLENBURG COUNTY, N.C. — Property tax bills are being issued in Mecklenburg County as real estate values continue to rise across the Charlotte region.

Driven by regional population growth, home values are increasing even in areas where property owners are not receiving a tax bill this year.

During the previous assessment in 2023, home values in Mecklenburg County increased by an average of 59%.

Revaluations are designed to adjust each property’s share of the overall tax base relative to market changes across the region.

The impact of rising assessments is felt throughout surrounding areas, including Cabarrus County.

Concord resident Trey Adams, a self-employed truck driver who plans to retire later this year, expressed concern over his next property tax assessment after seeing his home value surge during the previous evaluation.

“It almost doubled,” Adams said. Facing broader economic pressures, Adams added, “the way the economy is right now, you know, everybody’s buckling down so it’s tight and then we don’t need an additional bill.”

Mecklenburg County Tax Assessor Ken Joyner explained how property tax bases are recalculated during a revaluation cycle.

“So their percentage of the overall value is going to change based on what their value is versus the entire real property base,” Joyner said.

Market conditions create varying valuation changes across different communities.

“Some neighborhoods may go up 40%. Some may go up 20%. Some may go down in value. You know, depending on their market conditions,” Joyner said. He added, “So that redistribution is just to put everything at a reset for the next four years.”

Mecklenburg County’s property tax rate will remain at 49.27 cents per $100 of property value.

Residents living within the city limits of Charlotte pay an additional tax of 29.3 cents per $100 of property value.

While county property taxes are not increasing in Mecklenburg, overall tax bills are rising for property owners within the city limits of Charlotte, Cornelius and Davidson.

Last month, the average home sale price in Mecklenburg County was approximately $460,000, which results in an annual county property tax bill of $2,266.42, or roughly $190 per month.

Property owners who believe their property assessment is too high have options to file an appeal.

In North Carolina, appeals are submitted through the county’s Board of Equalization and Review, requiring evidence of the property’s market value as of Jan. 1 of the county’s revaluation year before the board adjourns.

In South Carolina, property owners generally have 90 days from the date of their assessment notice to file a written objection with the county assessor.

Cabarrus County is scheduled to hold its next property revaluation in 2027.

Evan Donovan

Evan Donovan, wsoctv.com

Evan is an anchor and reporter for Channel 9.

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