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?"
Your Property People, Inc. is a full service real estate brokerage offering residential and commercial services to the greater Charlotte area. We have agents who speciaize in Western Union County including Marvin, Weddington and Waxhaw and the south Charlotte area, including Ballantyne, Piper Glen, and South Park.
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