Union County Property Revaluation
Posted March 10, 2008
90,000 Union County Properties Notified of Revaluation
Around March 17, some 90,000 Union County property owners will be notified of the new property values by which the county will base their taxes. For many people, this could be mixed news. While a higher tax value on a property can be a good indication of the real estate’s appreciation, this can also mean higher taxes will be charged to the owner.
In North Carolina, counties are required to reassess the value of real estate every 8 years. In some counties with fast growth, counties are doing it more often. Union county is one of the fastest growing counties in the state and currently are reappraising the value after only 4 years.
Union County’s growth is due to the lower real estate taxes, great school reputations and the proximity to Charlotte. Some of the major towns in Union County include Monroe, Waxhaw, Weddington, Marvin, Indian Trail, Stallings, Wingate, and Wesley Chapel. There are over 80 communities within Union County. The Union County real estate market is solid right now and offers a great value and alternative to buying a home in Charlotte.
Property owners in Union County are permitted to challenge the assessment if they feel the value on their property is too high. For more information on how to challenge your property’s value, call Union County at 704.283.3546.
This website provides information on FHA and VA loans, in addition to the hundreds of other conventional and jumbo mortgage loans available. As a mortgage loan officer, Ed has proudly served home owners and home buyers in the Charlotte area (including Concord, Gastonia, Matthews, Monroe, Huntersville and Ft. Mill as well as all of North and South Carolina.)
Apply online for your Charlotte area mortgage loan
or call 704-651-8704 for your free mortgage consultation.
Related Articles
Posted in Buying a Home, Charlotte Area Info
