Ballantyne homeowners face assessed property value increases of about 15% under Mecklenburg County's preliminary 2027 revaluation numbers. Commercial property owners could see even steeper jumps, with average values projected to rise about 30%.
Tax Assessor Ken Joyner told county commissioners that his office has completed an initial valuation for every property in the county, drawing on a review of roughly 56,000 sales, WSOC TV reported Tuesday, Sept. 1.
The county has not released neighborhood-level breakdowns, so Ballantyne-specific figures are not yet available.
What it means for tax bills
A higher assessed value does not automatically mean a higher tax bill. Under North Carolina law, the revaluation updates what a property is worth on paper. The county and the City of Charlotte each set their own tax rates through the annual budget process. If commissioners lower the rate to offset rising values, some owners could see little change.
Mecklenburg County's current property tax rate sits at 49.27 cents per $100 of assessed value, according to WSOC TV reporting published Aug. 17. At that rate, a home assessed at $500,000 owes about $2,464 in county property taxes. A 15% bump in assessed value would push that same home's county tax bill to roughly $2,833, an increase of about $369 a year, if the rate stays flat.
The 30% commercial figure
Office buildings, retail centers at Blakeney and Stonecrest, and medical offices along Johnston Road would all be subject to the new countywide commercial valuations. The 30% figure is a countywide average, and individual properties could land higher or lower depending on recent comparable sales.
Joyner's office used the term "average" for commercial values and "median" for residential values. Those are different statistical measures, and the county has not clarified whether the commercial figure is a mean or a median.
What happens next
County officials will review each property one more time before the revaluation is finalized, according to WSOC TV's reporting.
The Board of Commissioners' Sept. 1 agenda included the "Uniform Schedules of Values, Standards and Rules for the 2027 Revaluation" as a manager's report item. The outcome of that agenda item has not been confirmed.
Property owners who disagree with their new assessed value can appeal directly to the Mecklenburg County Assessor's Office. The county has not announced when final notices will be mailed or when the formal appeal window opens.
The new values take effect Jan. 1, 2027.
