Revaluation notices in the mail

Deadline to appeal new values is March 10

CHARLOTTE – Mecklenburg County has mailed notices of new values to nearly 300,000 property owners. The county has set an early March deadline for those owners to appeal their new values.

The county’s Tax Assessor’s Office is preparing to finish a year-long study of the area’s property values eight years after the last revaluation. The state requires the assessor’s office perform the revaluation every eight years to realign assessed values to how homes are actually selling.

The county’s Tax Assessor’s Office reviewed 297,584 parcels totaling $58.9 billion in value. Due to the revaluation, county officials estimated the countywide property tax base will increase 6 to 8 percent.

The actual property tax bill you will pay will be determined by the tax rate adopted by the Board of County Commissioners in June. Property Tax bills with the new value and new rate will go out in September

“Whether a property’s value goes up or down depends on a variety of factors, and many neighborhoods hit hard by foreclosures and slow sales may see their values drop.”

The last day for property owners to appeal is March 10.  Directions on how to appeal are included on residents’ notice of value. The tear-off form should be completed and mailed to the Assessor’s Office.  Property owners wishing to appeal should provide all the information they can on the form. The Assessors’ Office provides these tips for those who would like to appeal:

• Property Characteristics: The Assessor’s Office maintains information on every property in the county. Each property has a record card that describes the land and improvements, like buildings, patios, decks, walls, fencing and other features

Property owners should review their record cards to insure the properties are listed accurately, using the county’s Real Estate Lookup system. The link is provided on the Assessor’s Office website, reval.charmeck.org.

• Neighborhood Characteristics: Properties in the same neighborhood usually have very similar characteristics: style of house, size, land area, quality of construction, and location.  Therefore owners can compare their values with others close to them.

• Market Characteristics: Most property values are derived from recent sales of comparable properties.  The Assessor’s Office reviewed all sales across the County for the last several, and even further, when sales were scarce. The effect of foreclosures and other known distressed sales were factored into the final adjusted value estimate. Owners can look at the qualified sales near their own homes at reval.charmeck.org

• Property Anomalies: There may be other factors that owners feel would influence the value of a property, which the Assessor’s Office may not know.  There might be a material condition of your home or land that would lead buyers to a lower price than they would for a similar property.  Owners can use the county’s POLARIS website, polaris.mecklenburgcountync.gov, to use aerial imagery and maps to document those cases.

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