Mecklenburg County Tax Rate Up In The Air
CHARLOTTE, NC- Property values jumped across the county with revaluation. Commissioners are considering whether to change the tax rate.
"If the rate stays the same, which is a little more than 83 cents on the hundred dollars evaluation, we would bring in approximately 50 million more in revenue," said commission chair Jennifer Roberts.
With the average home value up about eight percent, keeping the tax rate the same means many homeowners will still pay more... money that commission chair Jennifer Roberts says is needed.
"If we keep the rate the same, so we recover 50 million more... and half our budget goes to the schools... that'd be about 25 million more for the school district," said Roberts.
Roberts says lowering the tax rate would really only help homeowners whose property value jumped more than the average. Doing that would keep county revenue flat, which could lead to budget problems down the road.
Roberts told me that about two or three of the commissioners are against raising taxes. The other six are split between keeping the rate the same or lowering it.
Nearly 10,400 homeowners have already filed appeals to their revaluation. If you disagree with your assessment, you have until March 10 to appeal.