Paradigm Blog Mecklenburg County Looks to Shorten Property Tax Revaluation Cycle

With a current property tax revaluation cycle of eight years, Mecklenburg County, North Carolina is eyeing a shorter timeline in the future to help minimize drastic valuation changes for property owners like they are experiencing this year. According the the Charlotte Business Journal, the county is looking to shorten the cycle to four years — meaning the next revaluation would be in 2023 — and, following that, as often as every two years. While it would be a big undertaking for the assessor's office to conduct countywide reassessments more frequently, it would help create a more fair and balanced market.