Tax Calculations

The collections office collects taxes for most of the municipalities and fire districts located within the County. The exceptions are the City of Concord CN02 (704) 920-5216 and the Town of Harrisburg CN01 (704) 455-5614, each of which bill and collect their own portion of the annual Real Estate taxes.

There are currently twenty-four tax jurisdictions within Cabarrus County, including seven cities or towns and sixteen fire districts in addition to the county itself. The tax rates for these districts are set based on the budget necessary to provide services to the residents within the district. These taxes support schools, roads, police/sheriff/fire protection and other services that a taxpayer receives from the local government. These tax rates are usually voted on in June by the Board of Commissioners.

Example 1: To calculate the tax on your home, let's assume it has a taxable value of $125,000 and is located within the City of Kannapolis. The City of Kannapolis' ($0.53) and Cabarrus County's ($0.56) combined tax rates for 2002 are $1.09 per hundred dollars of assessed value.

To calculate the tax, multiply the assessed value by the tax rate and divide by 100: $125,000 (assessed value) x 1.09 (tax rate) / 100 = $1,362.50

Example 2: To calculate the tax on your home if you live in a fire district, let's assume it has a taxable value of $150,000 and is located in the Odell Fire District. Odell's rate ($0.03) and Cabarrus County's rate ($0.56) combine for a 2002 rate of $0.59 per hundred dollars of assessed value.

To calculate the tax, multiply the assessed value by the tax rate and divide by 100: $150,000 (assessed value) x 0.59 (tax rate) / 100 = $885.00