Cabarrus County, North Carolina Property Taxes
The median property tax rate in Cabarrus County is 1.22%, which is significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Cabarrus County, the typical annual property tax bill reaches $2,115, which is below the national median of $2,690. Property taxes in Cabarrus County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cabarrus County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Concord or another part of Cabarrus County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cabarrus County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,342
$2,174
Ownwell’s Cabarrus County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cabarrus County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cabarrus County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cabarrus County, North Carolina
Property taxes in Cabarrus County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cabarrus County is 1.22%, which is higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Cabarrus County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cabarrus County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Cabarrus County's effective property tax rate with other areas in North Carolina and the national median. For comparison, the city of Kannapolis has one of the higher property tax rates in North Carolina at 1.37%, while the city of Huntersville boasts one of the lowest at 0.81%. Analyzing how Cabarrus County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cabarrus County Tax Rate
1.22%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cabarrus County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charlotte | 0.89% | 0.89% | 1.18% | 1.22% | 1.22% |
| Concord | 0.81% | 0.87% | 1.22% | 1.22% | 1.22% |
| Davidson | 0.75% | 0.81% | 0.81% | 1.37% | 1.37% |
| Gold Hill | N/A | N/A | N/A | N/A | N/A |
| Harrisburg | 0.89% | 1.08% | 1.17% | 1.18% | 1.18% |
| Huntersville | 0.79% | 0.81% | 0.81% | 1.22% | 1.22% |
| Kannapolis | 0.82% | 1.33% | 1.37% | 1.37% | 1.37% |
| Locust | 1.05% | 1.20% | 1.24% | 1.25% | 1.26% |
| Midland | 0.74% | 0.84% | 0.88% | 0.96% | 0.96% |
| Mount Pleasant | 0.22% | 0.82% | 0.86% | 0.87% | 1.24% |
| Mt Pleasant | N/A | N/A | N/A | N/A | N/A |
| Rockwell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cabarrus County, North Carolina
In Cabarrus County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cabarrus County Appraisal District. The assessed value, however, 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 in Cabarrus County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Cabarrus County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Harrisburg has the highest median tax bill at $3,193, while Mount Pleasant has the lowest at $1,200.
Property Tax Assessment Values Across Cabarrus County, North Carolina
Source: Ownwell
$135,105
$220,088
$305,070
Average Cabarrus County Assessed Value
$192,000
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cabarrus County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charlotte | $128,876 | $196,885 | $270,230 | $350,880 | $411,320 |
| Concord | $45,440 | $118,090 | $194,630 | $287,350 | $380,800 |
| Davidson | $50,000 | $118,968 | $262,430 | $376,070 | $482,992 |
| Gold Hill | N/A | N/A | N/A | N/A | N/A |
| Harrisburg | $127,795 | $208,450 | $285,445 | $378,172 | $458,555 |
| Huntersville | $75,000 | $215,565 | $267,700 | $351,440 | $434,970 |
| Kannapolis | $32,000 | $89,470 | $138,290 | $189,535 | $270,206 |
| Locust | $40,000 | $162,125 | $212,390 | $302,925 | $357,154 |
| Midland | $29,352 | $91,810 | $198,800 | $290,180 | $394,854 |
| Mount Pleasant | $32,800 | $89,045 | $156,350 | $252,410 | $395,430 |
| Mt Pleasant | N/A | N/A | N/A | N/A | N/A |
| Rockwell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cabarrus County, North Carolina
Property tax bills in Cabarrus County, NC, are calculated based on the assessed value of a property, which is determined by the county tax assessor. The assessed value is typically a percentage of the property's market value. For instance, with a median home price of $192,000, the property tax bill can vary significantly. Factors such as property location, size, and improvements can influence the assessed value and, consequently, the tax bill. In Cabarrus County, tax bills range widely, with the 25th percentile at $1,180 and the 75th percentile reaching $3,197. For those in the 90th percentile, the tax bill can be as high as $4,424. Comparatively, the national median property tax rate is 0.99%, making Cabarrus County's rates relatively moderate. Homeowners in cities like Harrisburg face some of the highest median tax bills at $3,193, while those in Mount Pleasant enjoy lower median tax bills at $1,200. These variations significantly impact homeowners' financial planning and overall housing affordability.
Average Cabarrus County Tax Bill
$2,115
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Cabarrus County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charlotte | $1,207 | $1,904 | $3,093 | $4,095 | $4,846 |
| Concord | $496 | $1,217 | $2,158 | $3,227 | $4,463 |
| Davidson | $358 | $1,071 | $3,111 | $4,104 | $5,161 |
| Gold Hill | N/A | N/A | N/A | N/A | N/A |
| Harrisburg | $1,489 | $2,258 | $3,193 | $4,273 | $5,151 |
| Huntersville | $915 | $1,774 | $2,532 | $3,597 | $4,499 |
| Kannapolis | $403 | $1,056 | $1,754 | $2,453 | $3,404 |
| Locust | $1,020 | $1,913 | $2,570 | $3,019 | $4,025 |
| Midland | $232 | $705 | $1,696 | $2,479 | $3,207 |
| Mount Pleasant | $161 | $486 | $1,200 | $2,105 | $3,110 |
| Mt Pleasant | N/A | N/A | N/A | N/A | N/A |
| Rockwell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell