The Fiscal Year 2020 Budget,
adopted by the Board of County Commissioners on June 4, 2019, is $1.9 billion (an increase of nine percent over Fiscal Year 2019) with a tax rate of 61.69 cents (25 percent less than the current tax rate of 82.3 cents).
The budget, which takes effect July 1, 2019, addresses top priorities for residents and the
Board of County Commissioners:
- The County’s core, critical services and programs to support the needs of our growing population.
- The services and initiatives that align with the BOCC’s top priorities for FY20 that address things like inequalities and racial disparities along with affordable housing, more support for mental health and accelerated acquisition of our parks and greenways.
- To the priorities expressed by the community through the Resident Budget Priorities Public Hearing and Survey and the Board’s Advisory Committees.
| Budget Overview Video
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This budget presents a plan for a stronger Mecklenburg County by funding programs and services that matter most to residents.
Tax Rate
The budget for FY2020 reflects the impact of the 2019 Property Revaluation. Currently, the tax rate is 82.32¢ per $100 of assessed value. For FY2020, the County budget includes a tax rate of 61.69¢, which is 1.99 cents above revenue neutral.
The tax bill impact under the tax rate of 61.69¢ is as follows:
- 34.58%: the percent of tax bills that would decrease.
- 28.85%: the percent of tax bills that would increase no more than $10/month.
- 36.58%: the percent of tax bills that would increase more than $10/month.
Here is an example:
If a home’s value went from $250k to $350k (an increase of 40.41%), the tax increase would equal less than $9 per month.
Useful Resources