Charlotte property owners could experience their highest tax hike in at least a decade under a proposed budget presented to the City Council on Monday.
City Manager Marcus Jones is asking to increase property taxes by 1.89 cents per $100 in valuation, or about $5.71 per month for the “typical homeowner.” Every cent generated under the increase would fund the police and fire departments and help cover pay raises that are “higher than what is typical” for police and firefighters, Jones said. Utility fees would also increase under the proposal.
Charlotte residents will already pay higher taxes this year after voters approved a 1% sales tax increase to pay for transportation projects. That tax, however, takes effect countywide and applies to purchases rather than owned property…