Good news! The new Charlotte city budget calls no new property tax increases in 2015. Good thing, too, since there was a significant increase in 2014. The budget still needs to be approved in early June, but all signs point to rates staying the same for homeowners this year.
"Tax season" may be over but that doesn't mean you should put up your checkbook quite yet. All real estate tax and property taxes are assessed on January 1st each year, but they're not officially due until September 1st. If you bought or sold a house this year you'll want to talk to your broker about how property taxes were divvied up during the settlement.
So, what's the difference in your property's "assessed value" and its "market value?"
It's pretty simple. The market