Kannapolis reported a median commercial property tax rate of 0.8% for fiscal year 2025, marking the lowest rate in Cabarrus County, according to BlockShopper.com.
The median for the county reached 0.9% in fiscal year 2025, placing Kannapolis 0.1 percentage points below this average.
Of the two Cabarrus County cities, rates ranged from 0.8% in Kannapolis to 0.9% in Concord.
During fiscal year 2024, Kannapolis had a median commercial property tax rate of 1.1%, ranking it first in the county.
Commercial property tax rates averaged 1.76% across 53 large U.S. cities in 2024, according to a Lincoln Institute of Land Policy analysis. The report found a $1 million property, with $200,000 in fixtures, generated an annual tax bill of about $21,060. Tax rates varied significantly, with some cities well below 1% and others reaching 4%.
Several states use classification systems that lead to higher effective property tax rates on commercial, industrial, and apartment buildings compared to residential properties. In certain cities, businesses face property tax rates several times higher than residential rates. For instance, Charleston property tax rates are approximately six times higher for businesses.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Concord | 0.9% |
| 2 | Kannapolis | 0.8% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 906 Brantley Road | 3.3% |
| 2 | 604 Bethpage Road | 1.8% |
| 3 | 1539 Dale Earnhardt Bl | 1.2% |
| 4 | 6109 Bayfield Parkway | 1.1% |
| 5 | 614 S. Cannon Bl | 1% |
| 6 | 20 N. Knowles St. | 0.9% |
| 6 | 2043 Odell School Road | 0.9% |
| 6 | 928 Cloverleaf Plaza | 0.9% |
| 9 | 2001 S. Cannon Blvd. | 0.7% |
| 10 | 1227 S. Main St. | 0.6% |
Note: Some property addresses may be incomplete or missing due to limitations in county assessor data.
Information in this article was obtained from BlockShopper.com. The source data can be found here.
