Lake Norman’s low property taxes are one of the attractions for home buyers considering a relocation to our beautiful area. However, because Lake Norman falls in 4 different counties and ten towns for prospective home buyers it can be a bit of a challenge trying to get a sense of what their property taxes will be in any given location.
A special note! I just updated the numbers below to our 2018 tax rates. All properties were just reassessed for 2019 as they are every 8 years in North Carolina. The last reassessment was 2011 and the next will be 2027. The new assessed values are just coming out and some properties have risen more than others so make sure to find out the new assessed value of a property of interest to you! These new assessed values will be used in our upcoming 2018-2019 tax bills.
Below are links to all of the county website pages that provide all of the information you will need. In addition, here are a few helpful hints:
- Mooresville actually encompasses two different areas: The Town of Mooresville is located on the east side of Interstate I-77 and has city services and their own school district. The Lake Norman portion of Mooresville located on the west side of I-77 lies in Iredell County so we only pay the very low Iredell County taxes and NO city taxes whatsoever. In 2018 our property taxes were .5275 per $100 of assessed value of your property. So, for a $400,000 home your taxes would be only $2110!
- Our Mecklenburg County towns of Davidson, Cornelius and Huntersville, because they are part of the City of Charlotte area as well, have the highest tax rates in the Lake Norman area. In 2018/2019 they range from 1.0782 per $100 in Cornelius to 1.1732 in Davidson and 1.1282 in Huntersville.
- Because Denver, the Lincoln County section of southwest Lake Norman, is an unincorporated town your taxes will be determined by the Fire District. In 2018 they were .1150 for the Denver Fire District plus .611 for Lincoln county which is a total of .726 per $100.
- The Catawba County on the northwest side of Lake Norman is also determined by Fire District. Their basic county fee in 2018 was .575 per $100 for the county plus an additional .11 for the Sherrills Ford/Terrell Fire District for a total of .685