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South Mecklenburg News

Thursday, November 21, 2024

Analysis: Mecklenburg County effective property tax rates were lower than the national average in Q2

Webp fredrick smith

Fredrick Smith, Recorder of Mecklenburg County | https://deeds.mecknc.gov/

Fredrick Smith, Recorder of Mecklenburg County | https://deeds.mecknc.gov/

Property owners in Mecklenburg County paid 0.6% of the value of their homes in property taxes in the second quarter of 2024, which is less than 0.5 times the national average, according to the real estate analysis posted by South Mecklenburg News.

The median sales price of a Mecklenburg County home in the second quarter of 2024 was $445,000, based on data from the 3,103 properties sold during that time. In 2024, the median tax bill for the county was $2,465, which is 0.6% of the median value of the homes that were taxed.

This is 0.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Mecklenburg County real estate data showed homeowners in Huntersville, Charlotte, and Davidson paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Huntersville with some other cities belonging to Mecklenburg County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Huntersville244$500,500$2,9660.6%
Charlotte2,501$423,500$2,3690.6%
Davidson36$640,000$4,1400.6%
Pineville33$420,000$2,1750.5%
Mint Hill76$450,000$2,4570.5%
Matthews102$517,500$2,7910.5%
Cornelius105$595,000$2,6640.4%

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