Mount Pleasant, Cabarrus County, North Carolina Property Taxes
The median property tax rate in Mount Pleasant, NC is 0.86%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Mount Pleasant at $156,350, the typical annual property tax bill reaches $1,200, which is lower than the national median of $2,690. Property taxes in Mount Pleasant are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mount Pleasant's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mount Pleasant or another part of Cabarrus County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Pleasant, Cabarrus County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,345
$1,248
Ownwell’s Mount Pleasant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pleasant 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 Mount Pleasant, Cabarrus County, North Carolina
Property taxes in Mount Pleasant, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28124 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Mount Pleasant provides valuable insights into the varying tax landscape across Cabarrus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Mount Pleasant, Cabarrus County, North Carolina
Source: Ownwell
0.81%
1.09%
1.37%
Average Mount Pleasant Tax Rate
0.86%
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 Mount Pleasant, Cabarrus County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28124 | 0.22% | 0.82% | 0.86% | 0.87% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Cabarrus County, North Carolina
In Mount Pleasant, 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 Cabarrus County Appraisal District 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. In Mount Pleasant, 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 Mount Pleasant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28124 has both the highest and lowest median tax bills at $1200, highlighting the range of property tax experiences in the area.
Property Tax Assessment Values Across Mount Pleasant, Cabarrus County, North Carolina
Source: Ownwell
$135,105
$220,088
$305,070
Average Mount Pleasant Assessed Value
$156,350
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 Mount Pleasant, Cabarrus County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28124 | $32,800 | $89,045 | $156,350 | $252,410 | $395,430 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Cabarrus County, North Carolina
In Mount Pleasant, located in Cabarrus County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value typically reflects the market value, which for the median home price is $156,350. To determine the tax bill, this assessed value is multiplied by the local tax rate, which can vary within the county. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Mount Pleasant experience a range of property tax bills. For instance, the 25th percentile tax bill is approximately $486, while the 75th percentile reaches up to $2,105. At the higher end, the 90th percentile tax bill can be as much as $3,110. These variations significantly impact homeowners' annual expenses, influencing their budgeting and financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Property Tax Bills Across Mount Pleasant, Cabarrus County, North Carolina
Source: Ownwell
$1,200
$2,483
$3,765
Average Mount Pleasant Tax Bill
$1,200
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 Mount Pleasant, Cabarrus County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28124 | $161 | $486 | $1,200 | $2,105 | $3,110 |
Source: Ownwell