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How do property taxes work in conjunction with annexation?

April 26, 2017annexation conjunction property taxes

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How do property taxes work in conjunction with annexation?

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To illustrate, property tax bills that were sent out in September 2007 were for fiscal year (FY) 2008 (July 1, 2007 through June 30, 2008). This bill reflects the property tax rate established for FY 2008 by Charlotte City Council (for City taxes) and Mecklenburg Board of County Commissioners (for County taxes) in June 2007. Property tax bills for properties that were annexed by Charlotte on June 30, 2007 reflect the combined City and County tax rates.