For the past year and a half, property owners in Mecklenburg County, North Carolina have pleaded with county commissioners to redo the 2011 revaluation, saying their property values were over inflated. Short of a redo, they asked an outside firm be brought in to study the revaluation.
The county opted to spend $254,400 to hire Pearson's Appraisal Service to find out if county appraisers complied with the law when conducting the revaluation. The group also looked at the project's management and the appeals process.
Results Are In
Pearson's found there were "instances of inequity and erroneous data" but overall the valuations are acceptable. The report confirms that the county relied too heavily on statistical models rather than sending an appraiser out in person. To see the full report, click here.
No Quick Fix
If tax values are changed because of inequities with the reval, most property owners shouldn't expect a change in their tax bills right away. That's because state law requires that any reduction or increase in tax bills must begin the year the new appraisal goes into effect.
The earliest that could happen is 2013, according to the director of the county's Land Use and Environmental Services Agency. The only exceptions would be if an owner still has an appeal pending from 2011 or 2012. In those cases, any final changes in value and tax bills would be retroactive.