Union County taxes to increase by 15.4%

The Charlotte Observer just published an account of the county board voting in favor of a 15% tax hike for Union County residents.

Importantly to home owners in Union County, NC:

"With the new budget, the tax rate on real estate and personal property moves from 66 cents to 76.14 cents per $100 of valuation.

That means the tax bill for a $200,000 home would increase by $203, moving from $1,320 to $1,523. County staff said the tax rate would not need to increase next year, as it accounts for estimated growth in student population and inflation.

Several neighboring counties kept their tax rates the same for the fiscal year that starts Tuesday, with Mecklenburg at 81.57 cents, Cabarrus at 70 cents and Gaston at 87 cents. Union’s tax increase now pushes the county even closer to Mecklenburg’s rate."