Electrically evoked overflow of [3H]acetylcholine in slices of rat neocortex and of human neocortex (freshly obtained during neurosurgical treatment of epilepsy or deep‐seated tumors) was used to functionally characterize the muscarinic receptor subtype, which mediates autoinhibition of acetylcholine release in these tissues. In the rat neocortex, the following pKB values [CI95] were calculated from the shifts to the right of the concentration–response curves of the full agonist oxotremorine in presence of subtype preferring muscarinic receptor antagonists: tripitramine: 9.1 [8.8, 9.4], tripinamide: 8.6 [8.5, 8.7], AQ‐RA 741 (11‐[[4‐[4‐(diethylamino)butyl]‐1‐piperidinyl]acetyl]‐5,11‐dihydro‐6H‐pyrido(2,3‐b)[1,4]benzodiazepine‐6‐one): 8.2 [8.0, 8.4], himbacine: 8.0 [7.9, 8.1], 4‐diphenylacetoxy‐N‐methylpiperidine methobromide: 8.0 [7.8, 8.1], methoctramine: 7.5 [7.4, 7.6], AF‐DX 116 (11[[2‐[(diethyl‐amino)methyl]‐1‐piperidinyl] acetyl] 5,11‐dihydro‐6H‐pyrido(2,3‐b)[1,4]benzodiazepine‐6‐one): 7.1 [7.0, 7.3], hexahydro‐sila‐difenidol: 6.8 [6.7, 6.9], pirenzepine: 6.6 [6.4, 6.7], and 3,6a,11,14‐tetrahydro‐9‐methoxy‐2‐methyl‐12H‐isoquino[1,2‐b]pyrrolo[3,2‐f] [1,3]benzoxazine‐1‐carboxylic acid ethyl ester (PD 102807): 6.0 [5.8, 6.2]. In the human neocortex the following values were found: tripitramine: 9.4 [9.3, 9.6], tripinamide: 9.0 [8.9, 9.2], AF‐DX 116: 6.7 [6.4, 6.9], hexahydro‐sila‐difenidol: 6.6 [6.2, 6.9], and PD 102807: 6.5 [6.3, 6.6]. In correlation plots, these pKB values correspond best to published binding data on native or recombinant M2 receptors but not to those on M1, M3, M4, and M5 receptors, suggesting that muscarinic autoreceptors of both the rat and human neocortex belong to the M2 subtype. This observation lends further support to the development of M2 receptor selective brain penetrating antagonists for application in Alzheimer’s disease.