Where property taxes are going up in 3 weeks across the Charlotte region
Charlotte area communities have set new property tax rates to take effect in less than three weeks, and many property owners will soon be paying more.
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Many area counties, including Mecklenburg, passed budgets for the new fiscal year that starts July 1 with no property tax increases.
But the city of Charlotte and two Mecklenburg towns approved property tax increases in their fiscal year 2027 budgets. That means most property tax owners in Mecklenburg County will still see bigger tax bills.
A couple of towns in surrounding counties also approved tax increases.
Mecklenburg County’s sales tax rate is also scheduled to increase July 1 following the passage of a referendum in November to fund road, rail and bus projects.
In North Carolina, property taxes apply to items including:
Yearly tax bills in North Carolina are calculated by dividing property values by $100 and multiplying that by the tax rates in the property’s county and city or town.
For example, the owner of a $400,000 house in Charlotte starting July 1 would pay $3,142.80 in property taxes under the latest rates — $1,172 to the city of Charlotte and $1,970.80 to Mecklenburg County. To reach those estimates, one would multiply $4,000 by the county’s tax rate of 0.4927 and $4,000 again by the city’s tax rate of 0.293.
Renters also can end up paying more when property taxes go up, if landlords pass on the added expense to their tenants.
Some residents may pay additional taxes if they live in designated areas such as special tax districts or volunteer fire districts.
Mecklenburg County approved its fiscal year 2027 budget on June 2 with no property tax increase, maintaining a rate of 49.27 cents per $100 of property value. To make it happen, the county reassessed some spending and tapped into savings and money that would normally go towards paying down debt.
Charlotte’s new budget, which the City Council passed June 8, includes a property tax increase of 1.89 cents per $100 in valuation. The city’s tax rate will go from 27.41 cents per $100 in property value to 29.3 cents per $100 in value.
The increase will cost the “typical homeowner” $5.71 per month, according to the city.
It’s the city’s second property tax increase in the last decade. The increased revenue will go to Charlotte-Mecklenburg Police and Charlotte Fire, including pay raises for police and firefighters, City Manager Marcus Jones said.
The towns of Davidson and Cornelius are also increasing their property tax rates.
The Cornelius Town Board voted June 1 to approve a 2 cent per $100 in valuation increase, which will pay for police, fire and 911 needs as well as debt from park bonds previously approved by voters. The town’s new rate will be 19.31 per $100 in property value.
Davidson’s original proposed budget didn’t include a tax increase, but town staff later asked commissioners to consider a 1- or 2-cent increase. Staff said additional money is needed to pay for a new fire station. They urged commissioners to implement the increase now rather than fiscal year 2028 because of concerns an amendment on the November ballot allowing the state to cap property tax increases will pass.
The Davidson Board of Commissioners ultimately approved a 1-cent increase, bringing Davidson’s property tax rate up to 27.6 cents per $100 in value.
Elsewhere in Mecklenburg County, Pineville, Matthews, Huntersville and Mint Hill passed budgets with no property tax increases. Pineville’s rate is 30 cents per $100 of assessed value, Matthew’s rate is 27.95 cents per $100 of assessed value, Huntersville’s rate is 22.75 cents per $100 of assessed value and Mint Hill’s rate is 22.5 cents per $100 of assessed value.
Cabarrus County commissioners will vote Monday on whether to adopt a budget that maintains the current tax rate of 57.6 cents per $100 of assessed valuation. For a homeowner with a property valued at the median home price of $356,350, that means just over $2,000 a year.
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Based on current projections, Interim County Manager Kelly Sifford wrote, the county will likely need to increase revenue next year to maintain existing service levels.
The City of Concord voted Thursday to maintain the current property tax rate of 42 cents per $100 in valuation. For a home valued at $357,000, that’s $1,500 in property taxes, according to the city’s budget.
The Harrisburg Town Council passed a budget that keeps property tax the same, 41 cents per $100 in assessed value, for the third consecutive year.
The town of Mount Pleasant will raise property taxes by 1.5 cents from 39 cents to 40.5 cents per $100 in valuation. It’s the town’s first tax rate increase in over 16 years.
Kannapolis City Council members will vote June 22 on whether to accept the proposed budget which keeps the current property tax rate of 55.95 cents per $100 valuation.
Gaston County commissioners voted in May to keep the county’s current tax rate of 59.9 cents per $100 of assessed value.
“This is the last budget before the 2027 revaluation is effective, and stability is crucial in an uncertain socio-economic climate where sales tax and intergovernmental revenue is more volatile,” County Manager Matthew Rhoten said in his budget message.
Mount Holly will maintain its rate of 40.5 cents per $100 of assessed value.
The Gastonia City Council voted in June to keep its current tax rate of 47 cents per $100 in valuation.
Belmont will maintain its current rate of 45.5 cents per $100 of assessed value.
Bessemer City Council voted to maintain its current rate of 55.5 cents per $100 of assessed value.
Cherryville will maintain its current rate of 48 cents per $100 of assessed value.
Iredell County will keep its current rate of 50 cents per $100 of assessed value.
Union County commissioners will vote Monday on the recommended budget. County Manager Brian Matthews proposed maintaining the current tax rate of 43 cents per $100 in assessed value.
Elsewhere in Union County:
Lincoln County will maintain the current tax rate of 49 cents per $100 of assessed value.
“Historically, Lincoln County remains in the better half of counties with lower tax rates and this trend will likely remain,” County Manager David Madden wrote in his budget message.
Just across the state line in South Carolina, York and Lancaster counties calculate their property taxes differently than their neighbors to the north.
South Carolina calculates property tax bills using a millage rate that’s set by a county, school district or municipality, the South Carolina Revenue and Fiscal Affairs Office explains. Millage rates are based on the value of a mill, which equals 1/1000 of the assessed value of property. State law allows local governing bodies to increase their millage rate based on increases in population and inflation for the previous calendar year.
Property tax bills are calculated by multiplying the applicable millage rate by the property’s appraised value and assessment ratio. Assessment ratios vary based on the type of property one is paying taxes on.
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