The levy imposed on real estate located within Charlotte, North Carolina, is determined by multiplying the assessed value of a property by the combined rates established by Mecklenburg County, the City of Charlotte, and applicable special tax districts. For example, a property assessed at $300,000 with a combined rate of 1.2% would incur an annual tax of $3,600.
This revenue stream is essential for funding vital public services, including education, public safety, infrastructure maintenance, and parks and recreation. The stability of these services and the quality of life they provide are directly linked to the consistent and equitable application of this tax. Historically, these rates have fluctuated based on budgetary needs and economic conditions, influencing property values and development within the city.