Cornelius, Mecklenburg County, North Carolina Property Taxes
Median Cornelius, NC effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Cornelius, NC home value: $461,200
Median annual Cornelius, NC tax bill: $2,482, $82 higher than the national median property tax bill of $2,400.
How are property taxes in Mecklenburg calculated?
Property taxes in Cornelius, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cornelius’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cornelius, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cornelius, Mecklenburg County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$2,490
$2,311
Property Tax Rates Across Cornelius, Mecklenburg County, North Carolina
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Cornelius, located in Mecklenburg County, the effective property tax rate is 0.54%, which is notably lower than the national median property tax rate of 1.02%. This makes Cornelius an attractive option for property owners looking to save on taxes. Within the region, tax rates can fluctuate, with some areas in the county reaching as high as 0.66%. Despite these variations, Cornelius maintains one of the lowest tax rates in the area, making it a competitive choice for potential homeowners. When compared to the national landscape, Cornelius offers significant savings, with the potential for lower tax bills contributing to its appeal.
Property Tax Rates Across Cornelius, Mecklenburg County, North Carolina
Source: Ownwell
0.26%
0.53%
0.79%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cornelius Tax Rate
0.54%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mecklenburg County Tax Rate
0.61%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cornelius, Mecklenburg County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28031 | 0.45% | 0.51% | 0.54% | 0.58% | 0.63% |
| 28078 | 0.52% | 0.57% | 0.66% | 0.75% | 0.80% |
| 28036 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cornelius, Mecklenburg County, North Carolina
When examining property taxes in Cornelius, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Mecklenburg County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Mecklenburg County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cornelius.
For example, the median home price in Cornelius is $461,200, with tax bills ranging significantly across the county. Zip code 28031 has the highest median home price at $461,600.
Property Tax Assessment Values Across Cornelius, Mecklenburg County, North Carolina
Source: Ownwell
$18,200
$650,975
$1,283,750
Median Cornelius Market Value
$461,200
Median Mecklenburg County Market Value
$364,800
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cornelius, Mecklenburg County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28031 | $238,800 | $343,300 | $461,600 | $704,325 | $1,520,620 |
| 28078 | $51,270 | $97,725 | $175,150 | $252,575 | $299,030 |
| 28036 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cornelius, Mecklenburg County, North Carolina
In Cornelius, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the Mecklenburg County tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, impacting the homeowner's tax obligations. The median property tax bill in Cornelius is notably higher than the national median, with some homeowners paying as high as $7,763, indicating a significant burden for those with properties in higher value brackets.
Ownwell assists homeowners in Cornelius by providing expert property tax appeal services, potentially reducing their tax liability. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies discrepancies and inaccuracies, leading to successful appeals. With Ownwell's expertise, homeowners can ensure their property tax bills align more closely with their property's true market value, resulting in substantial savings and financial relief.
Property Tax Bills Across Cornelius, Mecklenburg County, North Carolina
Source: Ownwell
$206
$4,400
$8,593
Median Cornelius Tax Bill
$2,482
Median Mecklenburg County Tax Bill
$2,199
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Cornelius, Mecklenburg County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28031 | $1,217 | $1,736 | $2,483 | $4,013 | $7,770 |
| 28078 | $313 | $529 | $887 | $1,246 | $1,461 |
| 28036 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell