The Mecklenburg Board of County Commissioners on Tuesday approved a series of sweeping measures seeking to undo -- not redo -- the much-maligned 2011 countywide property revaluation.
“You have some commercial property that is not designed to be income-producing,” said Emmett Curl, project manager for Pearson’s Appraisal Services.
When the results of Mecklenburg County’s 2011 property revaluation were released, one of Jim Plyler’s clients was troubled. Compare Foods, which owns the old Tryon Mall site at 3600 N. Sharon Amity Road, came to him for help after the county valued the property at $4.85 million, said Plyler, a broker for Charlotte-based Piedmont Properties, a commercial real estate firm.
Killing a $926 million capital-investment plan that would have funded affordable-housing projects and new police stations, among other things, the Charlotte City Council decided Monday not to increase the property tax rate.
Construction companies saw job opportunities vanish Monday night when the Charlotte City Council rejected a $926 million capital investment plan after failing to reach an agreement on the plan's size.