Thu April 10, 2014
Charlotte City Manager: No Property Tax Increase Needed
Charlotte property owners got some good news at last night’s budget meeting—city manager Ron Carlee will not recommend a property tax increase.
“Unless I get contrary guidance from council, the budget which I will be putting together for you will not include a property tax rate change,” Carlee said.
Carlee says the city will draw in about one-and-a-half percent more revenue from property taxes next year without an increase. The city had been bracing for less income, after adjustments following Mecklenburg County’s botched property revaluation. Last year, the city raised property taxes more than 7 percent. Overall, Carlee says the city will have revenue growth of a three-and-a-quarter percent, which he calls modest. But, he says the city has received stronger sales taxes than projected, which shows the economy trending in the right direction.