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Saturday, November 2, 2024

Union County effective property tax rate in Q2 2022 was lower than the national average

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Property owners in Union County paid 0.4% of the value of their homes in property taxes in the second quarter of 2022, which is less than 0.3 times the national average, according to the real estate analysis posted by the Union News.

The median sales price of a Union County home in the second quarter of 2022 was $435,000, based on data from the 581 properties sold during that time. In 2019 the median tax bill for the county was $1,656, which is 0.4% of the median value of the homes that were taxed.

This is 0.3 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Union County real estate data showed homeowners in Stallings, Matthews, and Marshville paid the highest rates.

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

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Stallings37$415,000$2,3890.6%
Matthews7$438,500$2,4430.6%
Marshville16$210,000$1,2430.6%
Waxhaw135$615,000$2,8030.5%
Mint Hill4$578,750$2,7260.5%
Marvin23$1,037,000$5,0230.5%
Indian Trail119$450,000$1,6900.4%
Fairview5$445,000$1,9500.4%
Lake Park8$394,250$1,4600.4%
Wingate18$300,000$1,3080.4%
Wesley Chapel22$704,500$2,9010.4%
Weddington23$1,050,000$4,2150.4%
Monroe145$365,000$1,2420.3%
Unionville8$471,000$1,6370.3%
Hemby Bridge3$419,000$1,0540.3%
Mineral Springs7$430,000$1,3730.3%

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