Charlotte, Union County, North Carolina Property Taxes
Median Charlotte, NC effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Charlotte, NC home value: $366,900
Median annual Charlotte, NC tax bill: $2,288, $112 lower than the national median property tax bill of $2,400.
How are property taxes in Union County calculated?
Property taxes in Charlotte, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Charlotte’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Charlotte, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Charlotte, Union County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$2,311
$2,145
Property Tax Rates Across Charlotte, Union County, North Carolina
Local government entities set tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Charlotte in Union County, North Carolina, boasts an effective property tax rate of 0.63%. This is considerably lower than the national median property tax rate of 1.02%. Residents in Charlotte benefit from one of the lowest property tax rates in the state, providing a more affordable living option compared to other regions. When comparing Charlotte’s property tax rate to other cities in North Carolina and the national average, it's evident that Charlotte offers a favorable tax environment. This lower tax rate can be especially appealing for homeowners looking to maximize their investment and reduce their annual expenses.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Charlotte Tax Rate
0.63%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Union County Tax Rate
0.67%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Charlotte, Union County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28227 | 0.63% | 0.63% | 0.63% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Charlotte, Union County, North Carolina
When examining property taxes in Charlotte, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Union County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Union County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Charlotte. For example, the median home price in Charlotte is $366,900, with tax bills ranging significantly across the county. Zip code 28227 has the highest median home price at $366,900.
Property Tax Assessment Values Across Charlotte, Union County, North Carolina
Source: Ownwell
$105,150
$265,600
$426,050
Median Charlotte Market Value
$366,900
Median Union County Market Value
$277,400
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Charlotte, Union County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28227 | $163,100 | $303,775 | $366,900 | $409,700 | $445,170 |
Source: Ownwell
Property Tax Bills Across Charlotte, Union County, North Carolina
Median Charlotte Tax Bill
$2,288
Median Union County Tax Bill
$2,194
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Charlotte, Union County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28227 | $1,031 | $1,939 | $2,288 | $2,576 | $2,818 |
Source: Ownwell