Charlotte Real Estate, Lake Wylie Real Estate, Lake Norman Real Estate, Rufus Hutchinson

Area
Property Taxes

Besides principle and interest, your monthly payments will include property taxes. An easy way to calculate your annual and monthly taxes is:

1. Add county and city rates together.

2. Multiply the above rate by the market value (estimated appraisal value).

3. Divide the figure from step 2 by 100. This equals your annual property taxes.

4. Divide your annual property taxes by 12...this will equal your monthly taxes.

Below are two examples:

Example #1:

County: Mecklenburg...Tax Rate is 0.8368

City: Charlotte...Tax Rate is 0.42

Appraised Value of Home...$175,000

Step 1. 0.8368 + 0.42 = 1.2568

Step 2. 1.2568 x $175,000 = $219,940

Step 3. $202,370 ÷ 100 = $2,199.40 annual taxes

Step 4. $2,023.70 ÷ 12 = $183.28 monthly taxes

Example #2:

County: Union...Tax Rate is 0.53

City: Indian Trail...Tax Rate is 0.08

Appraised Value of Home...$175,000

Step 1. 0.53 + 0.08 = 0.61

Step 2. 0.61 x $175,000 = $106,750

Step 3. $106,750 ÷ 100 = $1,067.50 annual taxes

Step 4. $1,067.50 ÷ 12 = $88.96 monthly taxes

From the examples above, you can see that there can be a significant difference in your property taxes depending upon which county and/or city you live in.

The charts below will give you the different municipalities and their tax rates. Our source of information was the County Tax Offices. Remember, these charts are for information purposes only. Please consult a qualified lender or real estate agent to assist you with your home purchase.

Cabarrus County

704.920.2126

www.CabarrusCounty.us

County Rate
....0.56

Concord

....0.45

Harrisburg

....0.135

Kannapolis

....0.53

Mt. Pleasant

....0.42

Catawba County

828.465.8401

www.CatawbaCountync.gov

County Rate
....0.48

Conover

....0.36

Hickory
....0.50

Maiden
....0.38

Newton
....0.44

Gaston County

704.866.3158

www.co.gaston.nc.us

County Rate
....0.893

Belmont
....0.46

Gatonia
....0.53

Mt. Holly
....0.45

Iredell County

704.878.3010

www.co.iredell.nc.us

County Rate
....0.435

Downtown

City

Mooresville
....0.16 ....0.45

Statesville
....0.09 ....0.38
Note: City of Mooresvill school tax is an
additional 0.135 per $100 value of your
home. County wide $26 solid waste fee.

Lincoln County

704.736.8542

www.co.Lincoln.nc.us

County Rate
....0.62

Lincolnton
....0.56

Mecklenburg County

704.336.4600

www.CharMeck.org

Incorporated
County Rate

....0.8368

Unicorporated
County Rate
Plus $12 Solid Waste

....1.0136

Charlotte
....0.42 *

Cornelius
....0.26 *

Davidson
....0.345 *

Huntersville
....0.28 *

Matthews
....0.3075

Mint Hill
....0.275

Pineville
....0.30 *

Stallings

....0.25
* $57 Solid Waste - Single Family

* $39 Solid Waste - Multiple Family

Union County

704.283.3746

www.co.Union.nc.us

County Rate
....0.63

Indian Trail
....0.08

Monroe
....0.50

Stallings
....0.16

Waxhaw
....0.37

Weddington
....0.04
Note: Union County school tax is an additonal 0.07 per $100 value of your home.

York County, SC

803.684.8526

www.yorkcountygove.com

City

County

Fort Mill
....90.0 * ....254.0 *

Clover
....106.0 * ....239.5 *

Rock Hill
....98.0 * ....254.5 *

Tega Cay
....106.0 * ....254.0 *
Note: York County asessment rate is 4% of permanent residence assessed value.
* Millage rates are per $1000.00.