Revaluation is a process required by North Carolina law where all property (land and buildings within Mecklenburg County) is revalued to its current market value as of Jan. 1.
To meet expectations in a fast growing region, Mecklenburg County conducts a revaluation every four years.
Because property taxes are based on a property's market value, without periodic revaluation, some property owners would pay more than their share of property tax while others would pay less than their share. Revaluation resets property tax values so all taxpayers pay their fair share.
