As the national housing market cools, Charlotte stands out for having some of the lowest property taxes in the country, according to a new report by Kiplinger.
Home prices remain near record highs nationwide, and mortgage rates stay elevated. However, property taxes continue rising as local assessments catch up to earlier price spikes.
In Charlotte, homeowners pay a median $2,975 annually in property taxes. The city’s effective rate is 0.640% for owner-occupied homes, ranking 508th out of roughly 650 U.S. cities analyzed.
That places Charlotte among the least expensive major cities for property taxes, even as affordability pressures persist elsewhere. In many regions, homeowners face rising tax bills despite slower home price growth.
Nationally, property taxes are now the fastest-growing source of state and local revenue. Between 2022 and 2024, collections rose more than $96 billion, outpacing sales and corporate income taxes.
While some states cap assessment increases, North Carolina relies on relatively low rates. For Charlotte homeowners, that difference continues to translate into lower annual tax burdens during a turbulent housing market.
Here is the full ranking by city:
