Mint Hill, North Carolina Property Taxes
The median property tax rate in Mint Hill, NC is 0.56%, significantly lower than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in Mint Hill at $403,700, the typical annual property tax bill comes to $2,287, which is below the national median of $2,690. Property taxes in Mint Hill are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mint Hill'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 Mint Hill or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mint Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$2,261
Ownwell’s Mint Hill Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick way to estimate their annual property taxes in Mint Hill with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Mint Hill to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities, making financial planning easier. For those interested in neighborhood-specific trends, further localized information is available below. Your property’s assessed value is determined by the county for tax purposes, considering any exemptions that may apply.
Property Tax Rates Across Mint Hill, North Carolina
Property taxes in Mint Hill, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mint Hill is 0.56%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Mint Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mint Hill 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 Mint Hill's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28216 zip code has the highest median property tax rate of 0.57%, while the 28105 zip code has the lowest median tax rate of 0.53%. Understanding how these areas compare with Mint Hill 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 Mint Hill Tax Rate
0.56%
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 Mint Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28105 | 0.36% | 0.43% | 0.53% | 0.58% | 0.61% |
| 28216 | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
| 28227 | 0.47% | 0.53% | 0.56% | 0.60% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Mint Hill, North Carolina
In Mint Hill, 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 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. Assessment notices in Mint Hill 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 Mint Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mint Hill, the zip code with the highest median tax bill is 28216 at $2,778, while the lowest is 28105 at $450.
Property Tax Assessment Values Across Mint Hill, North Carolina
Source: Ownwell
$18,200
$650,975
$1,283,750
Average Mint Hill Assessed Value
$403,700
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 Mint Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28105 | $36,140 | $67,000 | $82,600 | $145,800 | $218,760 |
| 28216 | $490,000 | $490,000 | $490,000 | $490,000 | $490,000 |
| 28227 | $206,060 | $309,400 | $405,400 | $513,925 | $649,800 |
Source: Ownwell
Property Tax Bills Across Mint Hill, North Carolina
In Mint Hill, located in Mecklenburg County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Homeowners in Mint Hill face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is approximately $1,653, while the 75th percentile reaches around $3,014, and the 90th percentile can go up to $3,742. These figures highlight the range of property tax obligations homeowners may encounter. Comparing this to the national median property tax rate of 0.99%, Mint Hill's property tax bills can be seen as relatively moderate to high, depending on the specific assessed value of the property. High property tax bills can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability. Conversely, lower tax bills can offer some financial relief but may also reflect lower property values. Understanding these factors can help homeowners plan and manage their finances more effectively.
Average Mint Hill Tax Bill
$2,287
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 Mint Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28105 | $151 | $306 | $450 | $761 | $1,120 |
| 28216 | $2,778 | $2,778 | $2,778 | $2,778 | $2,778 |
| 28227 | $916 | $1,658 | $2,291 | $3,015 | $3,743 |
Source: Ownwell