July 29. Mecklenburg County will mail 2024 bills for real property, individual personal property, and business personal property taxes by July 31. Bills are due Sept. 1, and must be paid by Jan. 6, 2025, to avoid interest.

The 2025 property tax bill on a Cornelius home valued at $500,000 will be $3,281.

Details

—The county tax rate goes up by one cent, to .4831. That amounts to a county tax bill of $2,415 for a home valued at $500,000.

—The town rate is the same as last year, or .1731. That amounts to a tax bill of $865 for a home valued at $500,000.

The total tax rate: .6562 per $100 of assessed value.

Bottom line

Total property taxes on a $500,000 home will be $3,281—$50 more than this year’s bill.

More details

This year, approximately 435,000 tax bills will be mailed to taxpayers throughout the County. For certain properties whose tax records or values are under appeal, the respective tax bills will be subsequently mailed.

Penalties

All tax bills paid on or after Jan. 7, 2025, will be assessed interest at a rate of 2% for January. Additional interest in the amount of 0.75% will be charged for February and every month thereafter until paid. Any taxpayer who may have difficulty paying their bill is encouraged to contact the Office of the Tax Collector (mecknc.gov) in August.

Taxpayers should not wait until December or after the bill is delinquent to express concern with their ability to pay.

If you have a mortgage escrow account, your real property tax bills are sent directly to the mortgage holder for payment, with the owner receiving a property tax notification from the Office of the Tax Collector.

Calculate:

Determine your own property tax bill by multiplying the new tax rate (.006562) by your assessed value.