North Carolina property owners are appealing their property tax assessments in record numbers. The Department of Revenue reports there were 1,263 appeals before the State Property Tax Commission last year – the highest number in 40 years.
Of the cases that were settled either through negotiation or a commission ruling, the average tax reduction was 16.3%.
Meanwhile, the flood of appeals continues from Mecklenburg County (Charlotte) following last year's massive revaluation. The local Board of Equalization and Review will continue to hear 2011 appeals through at least the early summer of this year.
Analysts expect Mecklenburg appeals that go all the way to State Property Tax Commission could total a thousand or more.