Waxhaw, Union County, North Carolina Property Taxes
Median Waxhaw, NC effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Waxhaw, NC home value: $426,050
Median annual Waxhaw, NC tax bill: $3,108, $708 higher than the national median property tax bill of $2,400.
How are property taxes in Union County calculated?
Property taxes in Waxhaw, 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 Waxhaw’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waxhaw, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waxhaw, Union County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$2,727
$2,530
Property Tax Rates Across Waxhaw, Union County, North Carolina
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 Waxhaw Tax Rate
0.64%
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 Waxhaw, Union County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28173 | 0.63% | 0.63% | 0.64% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Waxhaw, Union County, North Carolina
When examining property taxes in Waxhaw, 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. This assessed value is used to calculate your property taxes by multiplying it by your tax rate to get your tax bill.
In Union County, assessment notices are sent in the spring each year, typically reaching 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 Waxhaw. For example, the median home price in Waxhaw is $426,050, with tax bills ranging significantly across the county. Zip code 28173 has the highest median home price at $426,050.
Property Tax Assessment Values Across Waxhaw, Union County, North Carolina
Source: Ownwell
$105,150
$265,600
$426,050
Median Waxhaw Market Value
$426,050
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 Waxhaw, Union County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28173 | $189,500 | $302,800 | $426,050 | $559,775 | $847,550 |
Source: Ownwell
Property Tax Bills Across Waxhaw, Union County, North Carolina
In Waxhaw, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as the property's location, size, and condition. The median property tax bill in Waxhaw is $3,108, which is higher than the national median of $2,400. Homeowners in this area may find their property tax bills range from $2,225 at the 25th percentile to $5,801 at the 90th percentile, depending on the specific characteristics of their property.
High property taxes can be a significant financial burden for homeowners. However, Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions. Through comprehensive analysis and expert guidance, Ownwell can identify potential savings opportunities, ensuring homeowners pay only their fair share. By leveraging Ownwell's services, Waxhaw homeowners can potentially reduce their property tax bills and alleviate some of the financial stress associated with homeownership.
Median Waxhaw Tax Bill
$3,108
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 Waxhaw, Union County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28173 | $1,328 | $2,225 | $3,108 | $4,520 | $5,801 |
Source: Ownwell