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East Lake Norman News

Saturday, November 23, 2024

Mecklenburg County effective property tax rate in Q3 2022 was lower than the national average

Realestate1

Property owners in Mecklenburg County paid 0.6% of the value of their homes in property taxes in the third quarter of 2022, which is less than 0.5 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 third quarter of 2022 was $375,000, based on data from the 4,963 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 0.5 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 Mint Hill, Davidson, and Wildwoods paid the highest rates.

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

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Mint Hill128$370,000$2,5000.7%
Davidson96$592,500$3,8590.7%
Wildwoods11$240,000$1,5870.7%
Pineville58$382,500$2,1630.6%
Huntersville308$465,000$2,7840.6%
Charlotte4,049$360,000$2,3190.6%
Cornelius191$475,000$2,8300.6%
Matthews118$435,000$2,7820.6%
Stallings1$675,000$2,5320.4%

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