Charlotte, North Carolina Property Taxes
The median property tax rate in Charlotte, NC is 0.62%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $350,000 in Charlotte, the typical annual property tax bill amounts to $2,113, falling below the national median of $2,690. Property taxes in Charlotte are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Charlotte's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the vibrant heart of Charlotte or its surrounding areas, gaining insight into the local property tax framework is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Charlotte, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$2,170
Ownwell’s Charlotte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charlotte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charlotte to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Charlotte, North Carolina
Property taxes in Charlotte, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Charlotte is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Charlotte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charlotte estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Charlotte's effective property tax rate to other areas in Mecklenburg County and the national median. For comparison, the 28079 zip code has the highest median property tax rate of 0.88%, while the 28078 zip code has the lowest median tax rate of 0.48%. Understanding how these areas compare with Charlotte provides valuable insights into the varying tax landscape across Mecklenburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Charlotte Tax Rate
0.62%
Average Mecklenburg County Tax Rate
0.61%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charlotte, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28027 | 0.23% | 0.23% | 0.23% | 0.23% | 0.24% |
| 28031 | 0.29% | 0.46% | 0.52% | 1.16% | 2.33% |
| 28036 | 0.11% | 0.30% | 0.39% | 0.46% | 0.62% |
| 28078 | 0.20% | 0.32% | 0.48% | 0.62% | 0.84% |
| 28079 | 0.75% | 0.76% | 0.88% | 1.01% | 1.01% |
| 28104 | 0.24% | 0.24% | 0.26% | 0.64% | 0.68% |
| 28105 | 0.42% | 0.52% | 0.60% | 0.83% | 1.96% |
| 28107 | 0.35% | 0.48% | 0.59% | 0.64% | 1.25% |
| 28134 | 0.37% | 0.41% | 0.70% | 0.95% | 1.00% |
| 28202 | 0.68% | 0.73% | 0.79% | 0.86% | 0.92% |
| 28203 | 0.55% | 0.63% | 0.70% | 0.75% | 0.81% |
| 28204 | 0.48% | 0.64% | 0.71% | 0.78% | 0.87% |
| 28205 | 0.43% | 0.59% | 0.66% | 0.71% | 0.77% |
| 28206 | 0.30% | 0.42% | 0.51% | 0.61% | 0.71% |
| 28207 | 0.58% | 0.64% | 0.69% | 0.75% | 0.82% |
| 28208 | 0.31% | 0.45% | 0.54% | 0.61% | 0.70% |
| 28209 | 0.59% | 0.64% | 0.69% | 0.73% | 0.79% |
| 28210 | 0.56% | 0.63% | 0.67% | 0.71% | 0.75% |
| 28211 | 0.55% | 0.61% | 0.66% | 0.71% | 0.79% |
| 28212 | 0.44% | 0.53% | 0.58% | 0.61% | 0.65% |
| 28213 | 0.49% | 0.55% | 0.59% | 0.62% | 0.66% |
| 28214 | 0.39% | 0.52% | 0.57% | 0.62% | 0.68% |
| 28215 | 0.42% | 0.53% | 0.57% | 0.62% | 0.68% |
| 28216 | 0.40% | 0.51% | 0.57% | 0.62% | 0.67% |
| 28217 | 0.34% | 0.43% | 0.53% | 0.60% | 0.67% |
| 28226 | 0.58% | 0.64% | 0.68% | 0.72% | 0.76% |
| 28227 | 0.45% | 0.51% | 0.56% | 0.61% | 0.66% |
| 28262 | 0.41% | 0.53% | 0.58% | 0.63% | 0.68% |
| 28269 | 0.49% | 0.56% | 0.61% | 0.65% | 0.69% |
| 28270 | 0.58% | 0.63% | 0.66% | 0.70% | 0.73% |
| 28273 | 0.53% | 0.57% | 0.62% | 0.65% | 0.68% |
| 28277 | 0.60% | 0.63% | 0.66% | 0.70% | 0.73% |
| 28278 | 0.51% | 0.58% | 0.61% | 0.66% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Charlotte, North Carolina
In Charlotte, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Mecklenburg County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Charlotte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Charlotte, the zip code with the highest median tax bill is 28207 at $8,593, while the lowest is 28134 at $206.
Property Tax Assessment Values Across Charlotte, North Carolina
Source: Ownwell
$18,200
$650,975
$1,283,750
Average Charlotte Assessed Value
$350,000
Average Mecklenburg County Assessed Value
$364,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Charlotte, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28027 | $92,060 | $92,750 | $93,900 | $95,050 | $95,740 |
| 28031 | $10,180 | $28,400 | $279,551 | $876,700 | $1,453,980 |
| 28036 | $28,040 | $128,200 | $300,100 | $452,300 | $1,407,373 |
| 28078 | $20,410 | $66,825 | $183,550 | $371,900 | $804,180 |
| 28079 | $62,720 | $75,500 | $159,600 | $236,600 | $236,600 |
| 28104 | $357,100 | $357,400 | $357,700 | $382,500 | $382,500 |
| 28105 | $1,370 | $18,675 | $107,050 | $417,125 | $471,270 |
| 28107 | $68,800 | $86,100 | $129,800 | $167,800 | $340,900 |
| 28134 | $14,020 | $18,000 | $18,200 | $54,000 | $210,200 |
| 28202 | $232,500 | $289,171 | $376,973 | $502,650 | $683,634 |
| 28203 | $269,620 | $385,542 | $617,900 | $983,000 | $1,339,540 |
| 28204 | $265,371 | $334,302 | $523,150 | $783,775 | $1,000,800 |
| 28205 | $231,692 | $304,600 | $392,100 | $543,200 | $757,700 |
| 28206 | $150,300 | $206,275 | $273,000 | $358,450 | $531,080 |
| 28207 | $235,582 | $430,134 | $1,283,750 | $1,986,225 | $2,724,270 |
| 28208 | $100,000 | $171,200 | $233,600 | $309,000 | $449,740 |
| 28209 | $257,295 | $386,822 | $539,950 | $839,475 | $1,387,603 |
| 28210 | $199,617 | $326,183 | $470,000 | $641,800 | $861,320 |
| 28211 | $287,460 | $484,750 | $675,550 | $1,257,376 | $1,963,540 |
| 28212 | $166,352 | $238,800 | $288,100 | $329,425 | $377,300 |
| 28213 | $147,543 | $220,800 | $302,800 | $369,400 | $426,180 |
| 28214 | $99,630 | $242,700 | $305,800 | $354,300 | $421,300 |
| 28215 | $161,066 | $249,800 | $312,100 | $365,200 | $425,000 |
| 28216 | $126,800 | $219,875 | $287,400 | $348,300 | $416,700 |
| 28217 | $137,600 | $208,325 | $265,900 | $336,300 | $397,700 |
| 28226 | $268,703 | $364,500 | $531,700 | $819,900 | $1,173,860 |
| 28227 | $181,050 | $247,000 | $290,300 | $340,700 | $416,900 |
| 28262 | $184,469 | $252,875 | $321,250 | $377,900 | $457,910 |
| 28269 | $194,100 | $267,500 | $331,700 | $389,300 | $447,820 |
| 28270 | $315,320 | $399,200 | $537,000 | $716,900 | $934,580 |
| 28273 | $241,850 | $287,700 | $341,350 | $394,800 | $456,850 |
| 28277 | $308,000 | $392,400 | $518,500 | $673,100 | $913,060 |
| 28278 | $291,800 | $359,000 | $431,600 | $548,200 | $723,920 |
Source: Ownwell
Property Tax Bills Across Charlotte, North Carolina
In Charlotte, located in Mecklenburg County, property tax bills are calculated based on the assessed value of the home. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $350,000, the tax bill can vary significantly. Homeowners in the 25th percentile might pay around $1,485, while those in the 75th percentile could see bills as high as $3,207. At the 90th percentile, tax bills can reach up to $5,075. Various factors influence the tax bill, including property location and market conditions. The highest median tax bill in the area is found in zip code 28207, amounting to $8,593, whereas the lowest is in zip code 28134, at just $206. These variations can have a substantial impact on homeowners, affecting their overall financial planning and housing affordability. Compared to the national median property tax rate of 0.99%, Charlotte's property tax rates reflect a broad spectrum, underscoring the importance of understanding local tax dynamics.
Average Charlotte Tax Bill
$2,113
Average Mecklenburg County Tax Bill
$2,199
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Charlotte, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28027 | $217 | $218 | $218 | $219 | $219 |
| 28031 | $104 | $415 | $1,150 | $4,692 | $6,975 |
| 28036 | $102 | $519 | $1,040 | $1,798 | $5,649 |
| 28078 | $110 | $307 | $771 | $1,753 | $3,849 |
| 28079 | $474 | $569 | $1,501 | $2,380 | $2,380 |
| 28104 | $920 | $921 | $921 | $2,435 | $2,437 |
| 28105 | $16 | $142 | $656 | $2,507 | $2,865 |
| 28107 | $303 | $417 | $669 | $1,000 | $4,443 |
| 28134 | $42 | $143 | $206 | $605 | $899 |
| 28202 | $1,817 | $2,201 | $2,935 | $4,025 | $5,498 |
| 28203 | $1,843 | $2,609 | $4,029 | $6,663 | $9,397 |
| 28204 | $1,487 | $2,061 | $3,254 | $5,402 | $6,942 |
| 28205 | $1,148 | $1,891 | $2,493 | $3,606 | $5,029 |
| 28206 | $318 | $886 | $1,305 | $2,039 | $3,098 |
| 28207 | $1,665 | $3,040 | $8,593 | $13,355 | $18,421 |
| 28208 | $434 | $844 | $1,178 | $1,587 | $2,827 |
| 28209 | $1,592 | $2,554 | $3,677 | $5,785 | $9,181 |
| 28210 | $1,195 | $2,138 | $3,187 | $4,320 | $6,082 |
| 28211 | $1,661 | $3,049 | $4,451 | $8,257 | $12,930 |
| 28212 | $780 | $1,306 | $1,642 | $1,915 | $2,261 |
| 28213 | $763 | $1,239 | $1,702 | $2,152 | $2,575 |
| 28214 | $429 | $1,280 | $1,686 | $2,073 | $2,630 |
| 28215 | $637 | $1,382 | $1,739 | $2,129 | $2,581 |
| 28216 | $550 | $1,134 | $1,575 | $2,007 | $2,519 |
| 28217 | $591 | $964 | $1,323 | $1,824 | $2,233 |
| 28226 | $1,475 | $2,463 | $3,589 | $5,549 | $7,858 |
| 28227 | $826 | $1,278 | $1,599 | $1,986 | $2,540 |
| 28262 | $932 | $1,353 | $1,827 | $2,272 | $2,866 |
| 28269 | $868 | $1,493 | $1,937 | $2,443 | $2,864 |
| 28270 | $1,840 | $2,569 | $3,554 | $4,780 | $6,147 |
| 28273 | $1,305 | $1,713 | $2,092 | $2,503 | $2,938 |
| 28277 | $1,909 | $2,561 | $3,434 | $4,503 | $6,163 |
| 28278 | $1,152 | $2,076 | $2,623 | $3,387 | $4,648 |
Source: Ownwell