The long-awaited Mecklenburg County property revaluation notices have been mailed today to nearly 300,000 property owners, county Assessor Garrett Alexander said.
The assessor’s office said the notices reflect the new value of residential properties based on a review of home sales as of Jan. 1.
The deadline to file an informal appeal is March 10.
The notices sent today involve 297,584 parcels – 63,704 improved properties and 33,880 vacant ones — valued at $58.9 billion, according to the assessor’s office.
It’s the county’s first revaluation since 2003. The state requires counties to revalue properties at least every eight years.
Once all appeals have taken place, the revaluation is expected to result in a 6 to 8 percent increase in the countywide property tax base, although many neighborhoods hit hard by foreclosures and slow sales may see their values drop, the assessor’s office said.
For more information, go to http://reval.charmeck.org.
The tax rate the Board of County Commissioners will adopt in June will determine homeowners’ property tax bills, which will go out in September.