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County approves 9% tax increase: With revaluation, property owners face a double whammy.

The Charlotte Observer (Charlotte, NC )

| June 28, 2007 | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Hannah Mitchell

Jun. 28--Catawba County property owners will get higher tax bills next year after county commissioners voted in a 9 percent tax rate increase Tuesday.

As expected, commissioners rejected County Manager Tom Lundy's original proposal of a 17 percent rate increase, having indicated earlier that such a change would overburden strapped taxpayers.

The new rate of 53.5 cents per $100 of valuation takes effect July 1, up from 49 cents. That raises taxes on a $150,000 home from $735 per year to $802.50. The increase comes in a year that property values rose due to a countywide property revaluation, creating a double-whammy effect.…

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