Charlotte Tax Valuation

The Charlotte-Mecklenburg area recently underwent the first tax assessment in eight years. Yesterday's edition of the Charlotte Observer examined the valuation:

* 37% of the area's homes were valued at equal or below the last valuation.
* Almost 66% of of homes were valued at a higher rate than the last valuation, and "about one in 10 saw drastic jumps of 50% or more."
* Tax values doubled in some neighborhoods. Neighborhoods with large increases include parts of Myers Park, Eastover and Dilworth where "upscale infill development" and rapid growth fueled significant increases.

For more information about the tax valuation and how it has affected residents in the neighborhoods with large increases, see the newspaper's article entitled "Priced out of their homes?"

More on the Mortgage Interest Deduction

Today's Charlotte Observer has a lot of real estate-related news. One article highlights the debate of the Mortgage Interest Deduction (MID), which has been helping American homeowners for nearly a century.

To read more about our defensive stance on the Mortgage Interest Deduction, see our post from January 5, 2011.

New Listing in Marvin Creek

It is shaping up to be a busy spring season! Check out our new listing at 2025 Groves Edge Lane in Marvin Creek (Marvin, NC)! This beautiful home has four bedrooms, 3.5 baths and is within walking distance to Marvin Elementary! We are proud to list this home!

Marvin Village Finalizes Park Purchase

The Village of Marvin recently completed the purchase of land that will be developed into a community park.

According to a quote in the Union County Weekly, the park, adjacent to the Walden Pond neighborhood, is intended to be a "passive park in a manner that is in keeping with the natural setting of the land, with uses that are truly passive and in peaceful harmony with its surroundings and nearby residential neighbors."

We are looking forward to another beautiful addition to our Marvin community!

More Charlotte Mortgage News

The Charlotte Observer continues their analysis of the local residential real estate market in today's edition.

According to the article, an estimated 14% of Charlotte mortgages are "under water," or that the homeowner owes more on the home than what it is worth. This information comes after a county-wide tax revaluation, and it also represents an increase from 9.7% last year.

Are you under water in your home? Struggling with your mortgage terms? Gina at Your Property People, Inc. can consult with you regarding your options, including loan modifications, the complex short sale process, and even the details around foreclosure. All consulations are free and confidential. Contact Gina at gina@yourpropertypeople.com or 704.575.7605.

Southern Spring Home and Garden Show

The popular Southern Spring Home and Garden Show will be in Charlotte on March 2-6, 2011 at The Park Expo & Conference Center (2500 East Independence Blvd.). More than 400 exhibitors, including landscape and interior design professionals, are showcasing their best products and services for minor home improvements, major renovations or new construction.

According to the show's web site, the hours are:

Wednesday , Thursday & Sunday: 10am-6pm
Friday & Saturday: 10am-9pm

Parking: All Day Parking $6.00

Advanced tickets can be purchased at Harris Teeter for $7.50 (with VIC card up to two weeks prior to the show).

Preschools in the Marvin Area

New to Union County and looking for a local preschool program? There are a lot of options for your children. Our web site contains a helpful list of area preschools, contact information and the types of programs they offer.

Will Property Revaluation Affect You?

Here is another interesting article addressing the upcoming Mecklenburg County property revaluation, and its potential impact on towns outside of Charlotte (Matthews, Mint Hill and Pineville).

Points of Pride: Union County Public Schools

Many Union County residents chose to live in the region because of the excellent public school system. Following are some recent academic “points of pride” for the school system:

* Marvin Elementary has achieved School of Excellence for eight (8) years in a row, every year since it opened in the fall of 2002.

* For the third year in a row, Weddington High School has been recognized for having the highest graduation rate of North Carolina public high schools in the 9th Grade Cohort, size 300‐399. The overall statewide graduation rate is 74.2 percent, while Weddington High School’s graduation rate for the 2009‐2010 school year was 97.7.

* Union County Public Schools ranked number one among the 15 largest districts in the state with the percentage of students making Adequate Yearly Progress under the No Child Left Behind (NCLB) federal law.

* Union County Public Schools seniors, on the average, have scored higher than seniors taking the SAT on both the state and national level since the 2003-04 school year.

* Rea View Elementary’s Odyssey of the Minds team took a first-place trophy in their division at the World Competition held in Michigan.

* UCPS had 21 of its schools or 42 percent make the top designation of Honor School of Excellence on the state ABCs tests. This is incredible considering that of the 2,490 North Carolina public schools only 200 or 8 percent earned this top designation.

These school highlights, and other scholastic and athletic points of pride, are featured from the Union County Public Schools web site.

New Postcard Campaign

We created a new postcard to communicate how Your Property People, Inc. can help troubled homeowners gain control of the sale of their homes in today's market! We specialize in all types of home sales, including short sales!