Matthews, Union County, North Carolina Property Taxes

Name: Property Tax Bills Across Matthews, Union County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Matthews, NC effective property tax rate: 0.83%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Matthews, NC home value: $363,800
Median annual Matthews, NC tax bill: $2,747, $347 higher than the national median property tax bill of $2,400.

How are property taxes in Union County calculated?

Property taxes in Matthews, 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 Matthews’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Matthews, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Matthews, Union County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$3,080

$2,859

Ownwell’s Matthews Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Matthews with just two data points. By entering your property's estimated assessed value, our calculator applies Matthews’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Union County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Matthews, Union County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county 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. Below, you can compare Matthews’ effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Matthews, located in Union County, showcases a property tax rate that aligns closely with the highest in the county. The rate is slightly below the national median, making it an attractive option for property owners. This competitive rate can be appealing for those considering relocation or investment, as it suggests a potential for lower annual tax bills compared to the national average. By understanding these rates, property owners can make informed decisions about their investments and financial planning.

Property Tax Rates Across Matthews, Union County, North Carolina

Source: Ownwell

0.64%

0.75%

0.85%

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 Matthews Tax Rate

0.85%

Median Effective Union County Tax Rate

0.72%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Matthews, Union County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28104	0.64%	0.70%	0.85%	0.88%	0.89%
28105	0.84%	0.84%	0.84%	0.88%	0.94%

Source: Ownwell

Property Tax Assessment Values Across Matthews, Union County, North Carolina

When examining property taxes in Matthews, 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 Union County appraisal district 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.

Assessment notices: In Union 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 Matthews. For example, the median home price in Matthews is $363,800, with tax bills ranging significantly across the county. Zip code 28105 has the highest median home price at $402,950.

Property Tax Assessment Values Across Matthews, Union County, North Carolina

Source: Ownwell

$109,100

$268,000

$426,900

Median Matthews Market Value

$362,400

Median Union County Market Value

$277,400

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Matthews, Union County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28104	$188,900	$250,775	$361,050	$503,625	$716,490
28105	$81,600	$254,450	$403,000	$461,700	$508,900

Source: Ownwell

Property Tax Bills Across Matthews, Union County, North Carolina

In Matthews, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Matthews see a range of property tax bills, with the 25th percentile at $2,021, the 75th percentile at $3,644, and the 90th percentile reaching $4,845. Notably, Matthews' highest median tax bill is $3,343 in the 28105 zip code, which is above the national median property tax bill of $2,400. Factors influencing these tax bills include the assessed home value and the local tax rate. High property taxes can significantly impact homeowners, increasing the cost of homeownership. Ownwell assists homeowners by providing property tax appeal services, potentially reducing these bills. By reviewing assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, offering savings and peace of mind.

Property Tax Bills Across Matthews, Union County, North Carolina

Source: Ownwell

$647

$2,065

$3,482

Median Matthews Tax Bill

$2,912

Median Union County Tax Bill

$2,239

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Matthews, Union County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28104	$1,565	$2,079	$2,901	$3,856	$5,184
28105	$628	$2,052	$3,482	$3,857	$4,241

Source: Ownwell