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Thursday, November 21, 2024

Mecklenburg County effective property tax rate in Q4 2023 was lower than the national average

Webp fredrick smith

Fredrick Smith, Recorder of Mecklenburg County | https://deeds.mecknc.gov/

Fredrick Smith, Recorder of Mecklenburg County | https://deeds.mecknc.gov/

Property owners in Mecklenburg County paid 0.6% of the value of their homes in property taxes in the fourth quarter of 2023, which is less than 0.5 times the national average, according to the real estate analysis posted by North Charlotte Today.

The median sales price of a Mecklenburg County home in the fourth quarter of 2023 was $413,250, based on data from the 2,178 properties sold during that time. In 2023, the median tax bill for the county was $2,375, 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 five cities paid the highest tax rate of 0.6%.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Huntersville with some other cities belonging to Mecklenburg County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Huntersville159$460,000$2,8590.6%
Charlotte1,721$395,000$2,2830.6%
Mint Hill61$405,000$2,3680.6%
Matthews65$482,000$2,6890.6%
Wildwoods3$255,000$1,5170.6%
Pineville33$410,000$2,0960.5%
Cornelius92$560,750$2,5670.5%
Davidson40$795,000$3,9900.5%

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