Monroe, Union County, North Carolina Property Taxes

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

Median MONROE, NC effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median MONROE, NC home value: $222,200
Median annual MONROE, NC tax bill: $1,729, $671 lower than the national median property tax bill of $2,400.

How are property taxes in Union calculated?

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

Last Updated March 1, 2025

Monroe, Union County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$1,489

$1,382

Ownwell’s Monroe Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monroe with just two data points.

By entering your property's estimated assessed value, our calculator applies Monroe’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 Monroe, Union County, North Carolina

Local government entities determine tax rates, which can differ significantly within North Carolina. Each county, including Union 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 votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Monroe, located in Union County, the effective property tax rate is 0.67%. This rate is consistent with the highest median tax rate in the area, also at 0.67% in the 28110 zip code, and slightly above the lowest median tax rate of 0.63% found in the 28112 zip code. Compared to the state’s median property tax rate of 0.67%, Monroe aligns closely. However, it is substantially lower than the national median property tax rate of 1.02%. This comparison highlights Monroe as a relatively affordable location in terms of property taxes, providing a potential financial advantage for property owners in the area.

Property Tax Rates Across Monroe, Union County, North Carolina

Source: Ownwell

0.63%

0.73%

0.84%

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 Monroe Tax Rate

0.67%

Median Effective Union County Tax Rate

0.67%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monroe, Union County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28110	0.63%	0.64%	0.67%	1.09%	1.09%
28112	0.61%	0.62%	0.63%	1.09%	1.09%
28079	N/A	N/A	N/A	N/A	N/A
28174	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Monroe, 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.

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 Monroe. For example, the median home price in Monroe is $222,200, with tax bills ranging significantly across the county. Zip code 28110 has the highest median home price at $234,500.

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

Source: Ownwell

$105,150

$265,600

$426,050

Median Monroe Market Value

$222,200

Median Union County Market Value

$277,400

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28110	$91,900	$177,100	$234,500	$299,900	$389,900
28112	$64,300	$126,000	$198,800	$259,775	$347,300
28079	N/A	N/A	N/A	N/A	N/A
28174	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Monroe, Union County, North Carolina

In Monroe, Union County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on the housing market. Homeowners in Monroe see a range of tax bills, with the 25th percentile at $1,155, the 75th percentile at $2,321, and the 90th percentile reaching $2,942. The highest median tax bill in the area is $1,850 in zip code 28110, while the lowest is $1,477 in zip code 28112. Compared to the national median property tax bill of $2,400, Monroe's property tax bills can be relatively lower, offering some relief to homeowners. However, these taxes can still pose a financial burden. Ownwell assists homeowners in Monroe by providing expert property tax appeal services. By evaluating property assessments and identifying discrepancies, Ownwell can help reduce tax liabilities, ensuring homeowners only pay their fair share. This service can lead to significant savings and financial peace of mind.

Property Tax Bills Across Monroe, Union County, North Carolina

Source: Ownwell

$577

$1,960

$3,343

Median Monroe Tax Bill

$1,729

Median Union County Tax Bill

$2,194

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe, Union County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28110	$701	$1,320	$1,850	$2,438	$3,123
28112	$441	$903	$1,477	$2,071	$2,583
28079	N/A	N/A	N/A	N/A	N/A
28174	N/A	N/A	N/A	N/A	N/A

Source: Ownwell