Matthews reported a median commercial property tax rate of 0.5% in fiscal year 2025, ranking third-lowest among cities in Mecklenburg County, according to BlockShopper.com.
The countywide median for the same year was 0.6%, placing Matthews 0.1 percentage points under the median figure.
Mint Hill matched the 0.6% median commercial property tax rate during that time in Mecklenburg County.
Within the seven cities in the county, median rates spanned from 0.4% in Cornelius to 0.8% in Pineville.
During fiscal year 2024, Matthews’ median commercial property tax rate was 0.7%, holding the third position among cities in the county.
Commercial property tax rates averaged 1.76% across 53 major U.S. cities in 2024, according to analysis by the Lincoln Institute of Land Policy. Their study estimated that a property valued at $1 million, inclusive of $200,000 in fixtures, could face an annual tax bill near $21,060. Property tax rates in those cities varied significantly, ranging from under 1% up to around 4%.
Many states employ classification systems that cause commercial, industrial, and apartment properties to have higher effective property tax rates than residential properties. In select jurisdictions, properties used by businesses are assessed at rates distinctly higher than those for residences. For example, in Charleston, the tax rate may be about six times as high.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Pineville | 0.8% |
| 2 | Huntersville | 0.7% |
| 3 | Charlotte | 0.6% |
| 3 | Davidson | 0.6% |
| 5 | Mint Hill | 0.5% |
| 5 | Matthews | 0.5% |
| 7 | Cornelius | 0.4% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 116 W. John St. | 1% |
| 2 | 100 W. Matthews St. | 0.6% |
| 3 | 1730 Matthews Township Py | 0.5% |
| 3 | 9405 E. Independence Blvd. | 0.5% |
| 3 | 9920 E. Independence Blvd. | 0.5% |
| 6 | 668 | 0.4% |
Note: Some property addresses may be incomplete or missing owing to gaps in county assessor data.
This article’s information was sourced from BlockShopper.com. The original data is available here.