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Commercial revaluation notices to be mailed Monday

Revaluation notices for commercial property and condominium owners in Mecklenburg County will be mailed Monday, the assessor’s office said today.

More than 25,000 commercial properties and 27,000 condos are part of the 2011 revaluation.

The state requires counties to revalue properties at least every eight years. Mecklenburg’s last revaluation was in 2003.

Earlier this week, Mecklenburg County revaluation manager Chuck Hicks told The Mecklenburg Times that retail properties would likely see the largest increase out of all commercial properties included in the 2011 revaluation.

New values were mailed Feb. 7 to 297,584 residential property owners. As of the deadline this week, there have been 35,012 informal appeals made by residential property owners.

The assessor’s office said its staff has been working up until today on determining commercial and condo values. Now that those are complete, the staff will begin sorting through residential appeals. There’s no estimate yet for how long it will take to get through all of the residential appeals, the assessor’s office said.

The formal appeal process will begin in May for residential property owners dissatisfied with the results of their informal appeal. The Board of Equalization and Review will consider formal appeals through June.

The 30-day period during which commercial and condo owners can file an appeal starts March 21, with the deadline April 19.

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