Carolina Panthers Appeal $4.8 Million Property Tax Bill

CHARLOTTE, NC — The Carolina Panthers were expected to appeal an unpaid $4.8 million property tax bill Friday — a bill the NFL team is contesting after a recent property tax revaluation increased it by 200 percent, according to reports.

Bank of America stadium was recently assessed by the county to be worth $572.3 million, a price tag that was dropped to $472 million after an informal review, according to WSOC. Prior to the recent reassessment, the stadium had been valued in 2011 at $134.9 million.

The $4.8 million tax bill was due Jan. 6, but had not been paid as of Jan. 31, WSOC reported. Mecklenburg County is assessing a penalty of 2 percent interest, the station said.

The team is appealing the tax bill at a hearing Friday.

The Panthers are not the only ones falling behind on paying property taxes. There are at least a dozen property owners that owe $10,000 or more to the county, the station said.