How is property tax calculated in Charlotte?

North Carolina property tax is a millage rate expressed as dollars per $100 of assessed value. In Charlotte you pay both a Mecklenburg County rate and a City of Charlotte rate, which combine to roughly $1.05 per $100. The formula is (assessed value − exemptions) ÷ 100 × combined rate.

What is the property tax rate in Charlotte?

The combined effective rate for property inside the City of Charlotte is approximately $1.05 per $100 of assessed value, made up of the Mecklenburg County levy plus the City of Charlotte levy. Rates are set annually each budget cycle, so confirm the current figures on your tax bill or the county's site.

Is assessed value the same as market value?

In North Carolina, property is assessed at 100% of fair market value as of the last countywide revaluation. Mecklenburg County reappraises periodically, so between revaluations your assessed value may differ from the current market price. Always use the assessed value from your revaluation notice for tax estimates.

What exemptions reduce Charlotte property tax?

North Carolina offers an Elderly or Disabled Homestead Exclusion that removes the greater of $25,000 or 50% of the value of a permanent residence for qualifying owners, plus a Disabled Veteran Exclusion. Enter the exempt amount in this tool to subtract it from the taxable base before the rate is applied.

When are Charlotte property taxes due?

Mecklenburg County property taxes are billed in mid-year and are due by January 5 of the following year, with interest accruing after that date. This estimator gives the annual amount; divide by 12 for a rough monthly escrow figure your mortgage servicer might collect.

Charlotte Property Tax Estimator

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The Charlotte Property Tax Estimator calculates your annual real-estate tax in Charlotte, North Carolina, by applying the combined Mecklenburg County + City of Charlotte millage rate — roughly $1.05 per $100 of assessed value — to your property after subtracting exemptions. It is for homeowners checking a bill, buyers budgeting for a purchase, and anyone estimating the property-tax portion of a monthly mortgage escrow in the Charlotte metro.

How it works

North Carolina expresses property tax as a rate per $100 of assessed value. The calculation is:

taxable value = assessed value - exemptions
annual tax    = (taxable value / 100) x combined rate

The combined rate is the sum of the county rate and the city rate. Property inside Charlotte city limits pays both; property in unincorporated Mecklenburg County pays only the county portion. This tool lets you enter the county and city rates separately and adds them, defaulting to a combined ~$1.05/$100. Exemptions — such as the Elderly or Disabled Homestead Exclusion — are subtracted from the assessed value first, so the rate applies only to the taxable remainder.

Example and notes

A home assessed at $350,000 with no exemptions, at a combined rate of $1.05/$100, owes:

350,000 / 100 = 3,500 units
3,500 x 1.05 = $3,675 per year  (about $306/month)

Use the assessed value from your Mecklenburg County revaluation notice, not the sale price or listing price.
If you qualify for the homestead exclusion, the exempt amount is the greater of $25,000 or 50% of your residence’s value — enter that figure in the exemptions box.
Rates are set each budget year, so verify the current county and city rates on your tax bill. Everything is calculated in your browser.