Tax Value - This once was a “drive by” assesment by the taxing authority, now it is done by computer programs called CAMA (Computer Assisted Mass Appraisals) , and Mecklenburg County is finishing a reassesment begun in 2003. Reassessment happens every 5-8 years, so this value is typically a look backward at the homes value. That is why the List Price should always be More than the Tax value, assuming there is Appreciation and Not depreciation in a given neighborhood.

Here is a sample calculation using Mecklenburg County rates:

For a home with a tax value of $200,000, located in the Town of Matthews and County of Mecklenburg,  the property tax for 2008 would be approximately $2,342.40 as below:

Mecklenburg County Calculation:
$200,000 ÷ 100 = $2,000.
$2,000 x 1.1712 = $2,342.40