Businesses that own real estate in Mecklenburg County should be on the lookout for an increase in their tax bills next year. Real estate is often a company’s most expensive asset, and annual property taxes can be a hefty sum.
Every four years, Mecklenburg County conducts a revaluation of all real property in the county. Through the revaluation process, the assessment of every property is updated to its current market value. In Mecklenburg County, the new effective date of the market value will be January 1, 2023. With rising sales prices in recent years, property owners will likely see significant increases in their assessments compared to the previous revaluation in 2019.
