Mecklenburg County, Charlotte, NC, has released their updated tax rates as every 4 years they are required to update assessed values of all real estate.
If your home is in Mecklenburg County, you can pull up your new tax bill per the link below if you want to look to see what the new tax rate is.
Mecklenburg County tax site here: https://property.spatialest.com/nc/mecklenburg/#/
For example, for the screen shot to the left in Charlotte, the new tax rate is .7335.
EX: The new assessed value for this property is $1,093,500 so to calculate the taxes you take $1,093,500 multiply by .007335 to get the annual amount and then divide by 12 to get the monthly amount. So the monthly taxes for this property will be $668.40. You should NOT be looking at the prior year’s tax bill to obtain the property taxes since the new assessed values and tax rates are now out.
Let me know if you have any questions or want to walk through any specific situations.
TO APPEAL YOUR NEW TAX BILL
If you'd like to receive recent sales information on homes like yours CLICK HERE to appeal the new tax bill, email me your request to: Chrystal@TheSafariGroup.com Mecklenburg County gives a limited time to appeal your new tax bill.
Chrystal Roy and Team
Special thanks to Adam Goulet of Movement Mortgage for sharing this valuable information!
An important aspect of hiring a contractor to do work in your home is to understand what permits, special requirements or licensure are required for each job. Once that’s understood, you can know whether it’s best to hire a licensed contractor or a handyman.
REFERRALSBe sure to ask for referrals and references and know the relationship of those referring parties to the contractor. Ask for pictures of installations on similar jobs that have been performed for others and give those referring parties a call or visit to ask how the work was performed, the attitude during the job, coming in on budget and wrapping up on time. Discover if there are any negative remarks online or with the BBB. Be sure he or she is qualified to handle the scope and type of work needed, especially with regard to special conditions such as lead based paint, asbestos, mold, etc.
IDENTITYIf the home is occupied, if personal items are stored there or is otherwise notvacant, be sure to qualify your contractor if he’s unknown to you through online services such as mysmartmove.com or others. Get a copy of the contractors driver’s license and have him sign a w-9 to include his social security number. If you’re an investor and renovations are common for you, you may want to investigate theVerify Photo ID app recommended by Inman News.
CONTRACTNext, execute an Independent Contractor Agreement with your contractor. Be certain it has no verbiage or requirements to suggest the contractor is an employee of yours.
PHASESNow is the time to outline and understand the three phases of the renovation. The initial Phase One is paid on day 1 of the job. The subsequent draws forPhases Two and Three should be paid by the week, on a Monday or Tuesday. In constructing the phases, the contractor should budget for each item and any overages or misquote is the responsibility of the contractor, not the homeowner. Make sure your agreement covers things such as milestones, and outlines the scope and sequence of the work to be completed. The contract should include the description of all work, and condition of Customer Satisfaction such as all items completed in a workman like manner, job site left clean and tidy daily, and no items incomplete.
MATERIALSIdeally the home owner should have chosen paint colors, sheens, types for each space, cabinets, granite and whatever materials will be used in the project at the source. Have your Independent Contractor pay for those materials and have that provider deliver the materials to the job site, then reimburse the contractor immediately – this strategy avoids any appearance of establishing an employee/employer relationship. Do not pay for routine tools and supplies the contractor uses in his everyday business such as paint brushes, ladders tarps , etc.
UPDATESIf you’re not the owner occupant at the job site, require the contractor to provide daily pictures and videos of each phase when complete before scheduling a personal inspection and before payment on that phase is released. An investor can use this in the future or marketing.
COMPLETIONIn exchange for the final payment the homeowner should sign off that he is satisfied with the job, and the independent contractor should sign that he is releasing all liens in exchange for final payment.
For a No Obligation Sample Copy of my Independent Contractor Agreement, email me. I’ll be glad to help. Chrystal@TheSafariGroup.com | 980.355.9025
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Chrystal Safari Roy, Broker in Charge of The Safari Group LLC, has over 21 years experience in investing, personal property management and residential and small Commercial real estate sales and leasing and is a licensed REALTOR® in North and South Carolina. As a MASTERS Designation holder, she is a specialist in New Construction, Finance, Marketing, Objection Handling, Relocation, Technology, and is a multi-million dollar producer. Chrystal is a Certified Military Residential Specialist, Luxury Home Specialist, and HUD Registered Agent. View all our properties at TheSafariGroup.com.
With 2500 homes OFF THE MARKET in the last 7 days, and 1500 Coming Soon and Listed, it’s still a Seller’s Market in the Charlotte Metro/Fort Mill areas!
#TheSafariGroupLLC #LeadingYouHome #SellersMarket #LowestRatesinLast5Weeks! #YourREaltorForLife
I look forward to helping you with all your Real Estate needs!
For more, check out TheSafariGroup.com, or call or text Chrystal at 704.562.1030, or email Chrystal@TheSafariGroup.com
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Chrystal Roy is Broker/Owner of The Safari Group LLC and longtime Charlotte resident and NC native.
Her favorite things about the Charlotte Metro and Fort Mill areas include its diversity, friendliness, affordability, Lake Living on 2 different large lakes and convenience to all the necessities that make life easier. When she isn’t glued to the computer screen or driving around in her mobile office selling real estate, she enjoys spending time with her family, especially her precious granddaughter, fur grands, swimming and water aerobics in the neighborhood pool, writing inspirational and professional help books, streaming her favorite movies and cooking homemade meals. You can reach her at Chrystal@TheSafariGroup.com