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East Lake Norman News

Sunday, November 24, 2024

Analysis: Mecklenburg County effective property tax rate were lighter than the national average in Q1 2022

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Property owners in Mecklenburg County paid 0.6% of the value of their homes in property taxes in the first quarter of 2022, which is less than 0.6 times the national average, according to the real estate analysis posted by the East Lake Norman News.

The median sales price of a Mecklenburg County home in the first quarter of 2022 was $345,000, based on data from the 5,153 properties sold during that time. In 2019 the median tax bill for the county was $2,149, which is 0.6% of the median value of the homes that were taxed.

This is 0.6 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 Davidson paid the highest tax rate of 0.8%.

The following table compares Davidson with some other cities belonging to Mecklenburg County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Davidson72$467,500$3,8590.8%
Huntersville306$416,750$2,7840.7%
Charlotte4,284$335,000$2,3190.7%
Mint Hill141$351,500$2,5000.7%
Cornelius171$405,000$2,8300.7%
Matthews116$388,000$2,7820.7%
Pineville49$340,000$2,1630.6%
Wildwoods4$313,500$1,5870.5%
Stallings2$676,750$2,5320.4%

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