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How Mecklenburg County tax bills are calculated: rate-setting and four-year assessments
Summary
Mecklenburg County explained that elected bodies determine property tax rates each spring and that the county re-assesses real estate values every four years based on estimated market value, which together determine each bill's amount.
An agency official outlined how the county calculates property tax bills: elected officials set the tax rate in spring and Mecklenburg County assesses real-estate values every four years using estimated market values.
“Every year in the spring, the Mecklenburg board of county commissioners, the Charlotte city council, and elected boards for the towns of Cornelius, Davidson, Huntersville, Matthews, Mint Hill, and Pineville determine a property tax rate,” the official said. The official added that the bill amount is calculated by applying that rate to the assessed value of the property.
The announcement stressed that assessment cycles and rate-setting together determine the final tax bill and that residents should review assessed values during the quadrennial revaluation periods.
