The median sales price of a Cabarrus County home in the second quarter of 2022 was $325,000, based on data from the 1,178 properties sold during that time. In 2019 the median tax bill for the county was $1,619, which is 0.5% of the median value of the homes that were taxed.
This is 0.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Cabarrus County real estate data showed homeowners in four cities paid the highest tax rate of 0.6%.
The following table compares Kannapolis with some other cities belonging to Cabarrus County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.
| City | Q2 2022 Sales | Q2 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Kannapolis | 271 | $270,000 | $1,550 | 0.6% |
| Harrisburg | 101 | $440,000 | $2,601 | 0.6% |
| Concord | 707 | $331,000 | $1,840 | 0.6% |
| Mount Pleasant | 9 | $300,000 | $1,760 | 0.6% |
| Midland | 48 | $342,000 | $1,393 | 0.4% |
| Charlotte | 11 | $310,500 | $1,392 | 0.4% |
| Locust | 17 | $400,000 | $1,650 | 0.4% |
| Fisher Town | 3 | $175,000 | $574 | 0.3% |
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