Hundreds of homeowners in Mecklenburg County could receive a refund on their property taxes this week. Taxes are being reassessed for 360,000 parcels of land in the county. They are hoping to have 25,000 parcels assessed every month.
These are the first refund checks going out this week and on Tuesday, county commissioners approved more than 18,000 new parcels for the re-evaluation process.
Appraisers are going from neighborhood to neighborhood to get these property taxes re-evaluated quickly. Some of the hardest hit areas are Myers park and Eastover and some homes in west Charlotte and many lake front homes in Cornelius.
“I paid $8000 for the lot - and then it was value at $14,000 and then at the last reveal it was $725,000,” said Cornelius Mayor Chuck Travis.
Talk about a price hike -- nearly 2,000 home owners in Cornelius saw their property taxes jump nearly 40% back in 2011.
“All the property values went up exponentially because of land value. Most lots were just given $750,000,” said Travis.
And soon they - and many other homeowners in Mecklenburg County could receive a refund. A new law went into effect law last July after the county received more than 40, 000 appeals from homeowners.
“This past Friday the first of refunds went in the mail,” said county tax assessor, Ken Joyner.
Now, the county tax assessor is educating citizens about the re-evaluation process.
“The current work plan is to finish up by February 2015,” said Joyner.
So far 30,000 of the 360,000 parcels have been processed.
“They could be a vacant piece of land, a house, a motel,” said Joyner.
But you may have to pay up, if your property value went up because of home additions. It could also stay the same - and you’ll have 30 days to appeal.
“All we are looking for is being fair and equitable from the county. We don’t think they were in this last reveal,” said Travis.
The county tax assessor spoke in Davidson Tuesday night - he’s already talked to homeowners mint hill, Cornelius and Huntersville and will soon talk to people in Matthews, Pineville and Charlotte. The entire review process will cost tax payers $3 million dollars.
Properties are evaluated every 8 years so the next review could be anywhere from 2017 to 2019.
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