For fiscal year 2025, Concord recorded a median commercial property tax rate of 0.9%, the highest among cities in Cabarrus County, based on data from BlockShopper.com.
This figure equals the county median of 0.9% for the same fiscal year, putting Concord in alignment with Cabarrus County overall.
Of the two cities in Cabarrus County, commercial property tax rates ranged from 0.8% in Kannapolis to 0.9% in Concord.
The previous year, the median rate in Concord was 0.8%, ranking it second compared to others in the county.
According to an analysis by the Lincoln Institute of Land Policy, average commercial property tax rates across 53 major U.S. cities reached 1.76% in 2024. The report found that a $1 million property including $200,000 in fixtures resulted in an estimated yearly tax of $21,060. Tax rates varied considerably, from less than 1% to as high as 4% for some cities.
Many states use a classification system that often brings higher effective property tax rates for commercial, industrial and apartment buildings compared to residential properties. Some localities impose business tax rates that are multiple times greater than residential rates. For instance, commercial properties in Charleston are taxed at a rate about six times that of homes.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Concord | 0.9% |
| 2 | Kannapolis | 0.8% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 805 Concord Parkway | 7.9% |
| 2 | 28 Union St. | 4% |
| 3 | 3645 Concord Parkway | 1.8% |
| 4 | 580 N.E. Dickens Place | 1.6% |
| 5 | 1260 Union St. | 1.5% |
| 6 | 139 Kerr St. | 1.4% |
| 7 | 945 Concord Parkway | 1.2% |
| 8 | 2525 Zion Church Road | 1.1% |
| 8 | 264 Concord Parkway | 1.1% |
| 8 | 37 Union St. | 1.1% |
| 8 | 8520 Pit Stop Court | 1.1% |
| 12 | 985 S. Concord Parkway | 1% |
| 12 | 235 Branchview Drive | 1% |
| 12 | 7712 Sossaman Lane | 1% |
| 12 | 383 N.W. Pitts School Road | 1% |
| 12 | 536 Church St. | 1% |
| 17 | 776 N. Church St. | 0.9% |
| 17 | 2202 N.E. Roxie St. | 0.9% |
| 19 | 190 Pitts School Road | 0.8% |
| 19 | 378 George Liles Parkway | 0.8% |
Note: Incomplete or missing addresses may occur due to gaps in county assessor records.
BlockShopper.com provided the information reported in this article. Access the full dataset here.
