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2015-2016 Union County NC Property Tax Rates and Tax Bills

Union County property owners may find some surprises when they open their property tax bills this year.  Some will be pleasantly surprised; others not so much.  The reason:  Union County released new assessed values as of January 2015 for every parcel in the county.  Since no reassessment of property values had been done since 2008, a peak year for values prior to the recession, the 2015 assessment showed an overall decline in the value of county real estate.  Many property owners saw lower assessed values.

A homeowner’s tax bill is determined by multiplying the tax rate set by the county commissioners each year times the assessed value of the property.  While the tax rates have risen in recent years, lower assessed values may offset these increases for some property owners.

 

August is the month when  property tax bills hit the mailboxes.   The tax bill may also include some fees, such as fire district fees and storm water fees.  There are no separate taxes or fees for the school system.

If a property is located within one of Union County’s small towns, the property owner will also receive a tax bill from the municipality.  The lone exception to municipal taxes in Union County is the Town of Hemby Bridge, which levies no property taxes.

While county and municipal tax bills are issued in August, the bills are not due until the beginning of January.  Most homeowners or their lenders if they are escrowing for taxes pay their tax bills in November/December.  The current tax bill covers July 2015 through June 2016.

How much are the 2015-16 property taxes in Union County and its small towns?

The table below shows how much a homeowner could expect to pay in 2015 for a property assessed at $200,000.  The amount shown for municipalities includes county taxes.

Tax District
Annual Taxes for $200,000 Home

Unincorporated Union County
$1552

Marvin
$1652

Monroe
$2724

Waxhaw
$2272

Indian Trail
$1922

Stallings
$1982

Weddington
$1656

Lake Park
$2012

Wesley Chapel
$1584

To learn more about Union County property taxes, visit the Union County website.

Want to know more about real estate and living in Union County NC and its small towns?  Request a free Union County NC relocation package.

Copyright 2015.  Carol Fox.  Allen Tate Realtors.  *2015-2016 Union County NC Property Tax Rates and Tax Bills*

Posted: Monday, July 20, 2015 2:07 PM by Carol Fox

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