Quantcast

North Charlotte Today

Saturday, November 23, 2024

Mecklenburg County effective property tax rate in Q2 2022 was lower than the national average

Realestate077

Property owners in Mecklenburg County paid 0.6% of the value of their homes in property taxes in the second quarter of 2022, which is less than 0.5 times the national average, according to the real estate analysis posted by the North Charlotte Today.

The median sales price of a Mecklenburg County home in the second quarter of 2022 was $385,000, based on data from the 6,095 properties sold during that time. In 2019 the median tax bill for the county was $2,149, which is 0.6% of the median value of the homes that were taxed.

This is 0.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Mecklenburg County real estate data showed homeowners in Davidson paid the highest tax rate of 0.7%.

The following table compares Davidson with some other cities belonging to Mecklenburg County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Davidson88$544,750$3,8590.7%
Pineville47$370,000$2,1630.6%
Huntersville365$452,000$2,7840.6%
Charlotte5,037$370,000$2,3190.6%
Mint Hill130$427,500$2,5000.6%
Cornelius252$482,250$2,8300.6%
Matthews156$450,000$2,7820.6%
Wildwoods13$310,000$1,5870.5%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS