Our network

Real Estate

Homeowners say property revaluations are unfair

CORNELIUS, NC (WBTV) - Cornelius Mayor Jeff Tarte is asking Mecklenburg County Commissioners to halt property revaluation appeals, saying residents have deep doubts about the process.  

Many homeowners say it's arbitrary and unfair, and they say that also describes the revaluations themselves.

"Ours more than doubled," says Cornelius resident Jen Monroe. "I guess that's the bottom line."

She says her revaluation is way out of line with her home's market value.

"The appraisal came out well below, like $100,000 well below what they appraised it for when they revalued."

Many Cornelius residents told WBTV they feel like assessors didn't give weight to the serious decline in home prices over the past few years.

"I think they ought to reassess everybody based on what a fair market value is for the house," Monroe says.

Banks helping to keep Charlotte-area families in their homes

Banks helping to keep Charlotte-area families in their homes

CHARLOTTE - Two of the largest financial institutions are opening help centers in Charlotte to offset the foreclosure crisis.

Bank of American plans to open a help center in October. The location hasn't been announced.

Chase Home Loan opened its Homeownership Center this week to help families struggling to make their mortgage payments. Loan counselors will help borrowers who have a home loan serviced by Chase or EMC.

Property revaluation meeting rescheduled in Cornelius

Property revaluation meeting rescheduled in Cornelius

CORNELIUS - The Town of Cornelius announced Thursday that a property revaluation meeting would be rescheduled.

County Commissioner Karen Bentley has moved the date of the Town Hall meeting concerning property revaluation to Tuesday, January 18 from 6:30 to 8:30 PM. 

More property revaluation meetings set; snow date rescheduled

More property revaluation meetings set; snow date rescheduled

MECKLENBURG COUNTY - More public meetings concerning Mecklenburg County property revaluation have been announced, and a meeting postponed by icy weather has been rescheduled.

Revaluation is the process of reappraisal of all properties within the County for tax assessment purposes, and is required once at least every eight years by North Carolina law. The last reappraisal in Mecklenburg County was in 2003.

Over time, the real estate market changes, and market prices deviate from the assessed values estimated during the previous reappraisal. A revaluation does two important things:

County set to revaluate your property; public meetings set

County set to revaluate your property; public meetings set

MECKLENBURG COUNTY - The first in a series of public meetings concerning Mecklenburg County property revaluation are set for Wednesday night.

Revaluation is the process of reappraisal of all properties within the County for tax assessment purposes, and is required once at least every eight years by North Carolina law. The last reappraisal in Mecklenburg County was in 2003.

Over time, the real estate market changes, and market prices deviate from the assessed values estimated during the previous reappraisal. A revaluation does two important things: