Union County NC Relocation--How Much Are the Property Taxes?
Union County NC Relocation—How Much Are the Property Taxes?
It’s that time of year again. Union County NC and the small towns within the county have adopted budgets for the 2010-2011 fiscal year and set tax rates to pay for those budgets. They’ll be mailing property tax bills to each property owner in September. Property taxes will be due in early January 2011.
How much are the property taxes in Union County NC? I am asked this question by locals and relocation clients alike. In fact, it’s usually the first question I’m asked by folks considering a Union County NC relocation from the high tax states in the northeast.
What should you know about property taxes in Union County and its small towns?
- Property taxes are calculated by multiplying a property’s assessed value by the tax rate of the county plus the tax rate of the municipality, if the property is located within a town.
- Many properties in Union County are not located within a municipality so they are charged for county taxes only.
- The State of North Carolina requires that counties reassess property values at least every eight years. Union County conducted its last reassessment in 2008 based on 2007 values.
- Because 2007 values were the peak of the market in Union County, the assessed value of many properties is higher than current market value.
- Assessed values do not change when ownership of the property changes. Given today’s marketplace, there will probably be no reassessment of Union County property values until the state’s mandated eight year time period is up.
- There is no separate school tax in Union County. County property taxes pay for the schools.
How much are property taxes for a $200,000 home in Union County and its small towns?
The table below shows how much you would pay in Union County and some of its small towns. The calculations for the small towns include county and town taxes. If you don’t like paying town taxes, consider living in Hemby Bridge. This little town in northern Union County abolished property taxes this year!
| County or Town | Property Taxes on $200,000 Home |
| Union County only | $1330 |
| Wesley Chapel | $1363 |
| Weddington | $1390 |
| Marvin | $1430 |
| Indian Trail | $1620 |
| Stallings | $1760 |
| Lake Park | $1790 |
| Waxhaw | $2100 |
| Monroe | $2440 |
Want to know more about living in Union County NC and its small towns? Request a free Union County NC relocation package.
Copyright 2010. Carol Fox. Allen Tate Company. *Union County NC Relocation—How Much Are the Property Taxes?