Property Tax Questions You Need to Ask
Tax rates affect your property tax and can play a big part in your decision of where to purchase a home, especially in the Lake Norman area. There are 4 Lake Norman counties that meet in the middle of the lake that include 5 Lake Norman towns. Find important Lake Norman property tax questions to research.
What is the assessed value of the property?
Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information or view the Lake Norman Links, County Information page. Find more about individual Lake Norman towns tax information:
Find Cornelius NC taxes and information for real estate taxes, personal property tax, business property & vehicle taxes. Mecklenburg County Tax rates included.
Find Davidson NC taxes and information for real estate taxes, personal property tax, business property and vehicle taxes. Mecklenburg County Tax rates included.
View Denver NC taxes and information for real estate taxes, personal property tax, business property and vehicle taxes. Lincoln County Tax rates included.
Review Huntersville NC taxes and information for real estate taxes, personal property tax, business property and vehicle taxes. Mecklenburg County Tax rates included.
Find Mooresville NC taxes and information for real estate taxes, personal property tax, business property and vehicle taxes. Iredell County Tax rates included.
Property Revaluation, How Often
In general, taxes jump most significantly when a property is reassessed. In NC, taxes are re-evaluated every 7 years so there could be a significant difference between “tax value” and “market value”. Find more information on NC taxes at the NC Department of Revenue.
What can trigger a tax increase?
The assessed value of the property may increase based on the amount you pay for the property.
Is the amount of taxes paid comparable to other properties in the area?
If not, it might be possible to appeal the tax assessment and lower the rate.
Does the current tax bill reflect any special exemptions that I might not qualify for?
For example, some tax districts offer reductions to those 65 or over. It never hurts to ask. Contact the County Tax Assessor
More Home Buying Tips
If you planning to buy real estate in the Lake Norman area, make sure you’re following these simple home search tips. Several common myths about who to call when you find a property you like, the advantages of pre-owned homes, learn about buying new homes and important property tax questions you should ask.
Buyer Tip Videos
Visit my YouTube Channel’s “Home Buying Tips” playlists. There are many helpful home buying videos to watch.
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Robin is a licensed as NC real estate agent. Robin works in the Lake Norman real estate market towns of Cornelius, Huntersville, Mooresville, Denver NC, Davidson and Charlotte NC. She will educate you and ensure you are taking advantage of the best market opportunities. Robin will also help you set realistic expectations. Furthermore, she will walk with you through the entire process. Home buyers can trust Robin to help them find a property of their dreams. Home sellers will receive unparalleled exposure to their listings. She will assist her clients in negotiating the best possible price. She will also do her part in keeping your transaction running smoothly! Ask her any general question about real estate in NC and around Lake Norman.
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