MECKLENBURG COUNTY, N.C. — The Mecklenburg County Board of Commissioners has voted to approve guidelines by which all property values in the county are assessed.
It's one of the final steps in the reappraisal process of all 400,000 properties in the county.
The county has been working on reassessing property values for the past two years, which could lead to property taxes going up for thousands of homeowners. The new values will be released to homeowners in January 2023.
The last time there was a county-wide reappraisal was in 2019.
In the commissioners' Sept. 20 meeting, they passed the "Uniform schedules of values, standards and rules for the 2023 county-wide reappraisal," which lays out how the value adjustments are made.
While all properties have been reviewed, County Assessor Ken Joyner tells WCNC Charlotte that numbers won't be finalized until December, due to the evolving real estate market.
However, Joyner is confident that most properties, including residential and business, will see an increase in value.
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As the market stays hot, so are concerns that higher property values will worsen gentrification. While Joyner echoed these concerns, he said there is little appraisers can do.
"We aren’t out in front of values, we’re looking at what has already taken place in the market, so the buyers and sellers have already come to a price, we’re just analyzing that data,” Joyner explained.
A group of residents overseeing the county’s work approves of the assessments so far but is calling on officials to prevent higher property taxes from pushing some homeowners out.
To check the value of a property in Mecklenburg County, the county has a search engine on its website. More information detailing the steps of the reappraisal process can be found on the county assessor's website.
Contact Julia Kauffman at jkauffman@wcnc.com and follow her on Facebook, Twitter and Instagram.
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