The property tax figure on a Myers Park listing today comes from a value set in Mecklenburg County's 2023 revaluation. The county's next revaluation takes effect January 1, 2027. New value notices are due in early 2027, elected officials set tax rates in the spring, and bills go out in the summer. Anyone who closes on a Myers Park home this winter will buy at one value and pay taxes on another.
The early numbers carry more news than their size suggests. In 2023, the lowest-priced homes saw the steepest jumps. In 2027, the early results point to the top of the market.
In 2023, the biggest jumps came at the bottom
The 2023 revaluation was harsh across the county, but it was hardest on the lowest-priced homes. In January 2023, WFAE reported preliminary assessor figures showing a 59% average increase countywide. The lowest-priced third of homes was up 89%. The highest-priced homes were up 49%. When notices went out that March, WFAE described the biggest increases among lower-priced homes, especially near uptown, with some values doubling or more.
A Myers Park home could rise by nearly half that year and still trail the county. Tax bills follow a home's share of the total tax base, not its raw percentage gain. In 2023, the most expensive homes grew more slowly than the base around them.
The early 2027 figures point the other way.
| 2023 revaluation | 2027 revaluation, initial review | |
|---|---|---|
| Countywide residential change | 60% median, as the Charlotte Ledger describes it now. Preliminary 2023 reporting gave a 59% average | About 15% median |
| Where the biggest increases landed | Lowest-priced third, up 89% in the preliminary figures | The upper end, especially homes priced at $2 million or more |
| Highest-priced homes | Up 49% in the preliminary figures | Larger increases than the median. The county's release gives no percentage for this tier |
| Commercial property | Not part of this comparison | About 30% median |
On September 1, 2026, assessor Ken Joyner gave the Board of County Commissioners the early results. An initial review covered 428,506 residential and commercial parcels. The Charlotte Ledger's report on that meeting said the larger increases this time are in the upper end of the market, especially at $2 million and above.
Why the lean reversed
The Ledger traced the shift to sales activity. Since 2023, most of the market's activity has come from luxury homes. Higher mortgage rates, combined with steep pandemic-era price gains, kept many buyers at the lower end out of the market.
Revaluation is built on sales. The county says its appraisers analyzed 56,000 recent qualified sales for this cycle. Values rise where buyers are closing at higher prices. Over the past four years, more of those closings came at the top of the market.
The same steady luxury demand that has supported Myers Park prices since 2023 is now the main reason the neighborhood's assessed values may rise faster than the county as a whole.
The rate decides how much of that becomes a bill
A higher assessed value doesn't set the bill on its own. The Ledger noted that an increase in assessed value does not automatically mean a higher tax bill, because rates are set separately. In a revaluation year, North Carolina law requires each local budget to include a revenue-neutral tax rate for comparison, under G.S. 159-11(e). The statute doesn't require a board to adopt that rate.
The county and the city made different choices last time. For FY2024, Mecklenburg County published a revenue-neutral rate of 45.71 cents per $100 of value and adopted 47.31 cents. The City of Charlotte's FY2024 revenue-neutral rate was 26.04 cents, and the adopted budget set the rate at that same 26.04 cents.
Rates have changed since then. Mecklenburg's FY2027 rate, which took effect July 1, 2026, is 49.27 cents per $100, unchanged from the prior year. Charlotte City Council adopted its FY2027 budget on June 8, 2026, and WCNC reported that the passed budget included a 1.89-cent property tax increase. The city's FY2026 rate was 27.41 cents, so that increase is consistent with the 29.30-cent figure the city proposed during budget hearings.
A revenue-neutral rate is meant to raise about the same total revenue from a larger value base. When every value rises, that rate drops. A home that rises at the same pace as the county's overall base keeps about the same share of the bill. A home that rises faster takes on a larger share, even if no board raises taxes.
For Myers Park, the comparison isn't only against the 15% residential median. It's against the whole tax base, and commercial values rose a median of about 30% in the initial review. In 2023, the most expensive homes trailed the county. This cycle's preliminary numbers suggest they may lead it, at least among homes.
Myers Park won't get one number
Countywide figures blur what happens inside the neighborhood. In a 2022 story, a county appraiser told The Charlotte Observer that the assessor's office may split Myers Park into about 13 appraisal neighborhoods because home quality varies so much. Homes in those groups range from older originals to houses built after a teardown. Appraisers compare newer homes with other newer homes of similar size and construction, and they use an "effective year built" when a renovation has been extensive.
That means the $2 million-plus trend won't land evenly across the neighborhood. A rebuilt house on a large lot and an original house a few streets away can fall into different appraisal groups, each with its own sales data. The county has said appraisers will review every neighborhood again before setting final values.
The property record card matters here. The county asks owners to check their records at Reval.MeckNC.gov and submit corrections. Its own example is a home with two bathrooms listed as having three, an error that could produce a higher value. In a neighborhood valued on finish, renovation dates and teardown history, the details on that card do much of the work.
Assessor Ken Joyner explained the county's timing in its September 2 release:
"North Carolina law requires all counties to conduct a property revaluation at least every eight years. But Mecklenburg County has previously made the decision to conduct revaluation every four years. That keeps the property values closer to the market values, reducing the likelihood of large, unexpected increases, and helps residents stay informed about the process."
The shorter cycle explains why 15% is far below 2023's figure. It doesn't decide which homes in the county take on a larger share.
The calendar for a winter contract
For a Myers Park sale under contract between now and spring, the revaluation runs alongside the deal:
- October 6, 2026. The Board of County Commissioners approved the 2027 Schedule of Values, the appraisal manual for this revaluation.
- Through the end of 2026. Assessment staff continue reviewing properties before final values are posted.
- January 1, 2027. The valuation date. New values reflect the market as of this date.
- Early 2027. Value notices are mailed. The county says a request for informal review must be made within 30 days of the date on the notice. Formal appeals go to the Board of Equalization and Review and can't be filed until notices are out.
- Spring 2027. County, city and town officials set tax rates for the new values, alongside the published revenue-neutral rates.
- Summer 2027. Bills are mailed using the new values and new rates.
A buyer estimating carrying costs this winter will see the 2023 value on every listing. The value that will actually drive the bill arrives months later, after a cycle that early results say leans toward the top of the market. For a seller, a winter listing puts that gap in front of every buyer doing the math. A spring listing may come with a fresh county value attached.
This is general information, not tax, legal or financial advice. Confirm how the revaluation affects your property with the Mecklenburg County Office of Tax Administration, a tax professional or your lender.
FAQ
Has the county published a 2027 figure for Myers Park?
No. The county's public figures so far are countywide: a median of about 15% for residential and about 30% for commercial property. The September 1 presentation included a chart titled "Median Increase in Residential Property Values by Price Range," but the county's written release gives no percentages by tier.
Will Charlotte City Council get its own revaluation briefing?
The county said the Office of Tax Administration would brief city and town leaders at public meetings this fall. The Charlotte City Council date was listed as "TBD" in the county's announcement.
Does a 15% increase mean a 15% higher bill?
Not automatically. The bill depends on the rates officials adopt in spring 2027 and on how much a home's value rises compared with the rest of the tax base.
If you're listing in Myers Park before the new values come out, buyers will be guessing about the tax line. We price around that before the sign goes up. KO Realty Group puts the revaluation calendar, staging and launch into one plan. List. Stage. Sell. Book a Call.
