First Financial Services, Inc. I Lake Norman Office I 7930 W. Kenton Circle Suite 150 I Huntersville NC 28078
Tel 704.488.3943 I E-Mail Sharon@NCMortgagePro.Net
Local Tax Rates*
Mecklenburg County taxpayers pay 81.89 cents per $100 valuation, plus a city or town rate. People in unincorporated Mecklenburg pay an extra 16.47 cents per $100 valuation for police protection. The following are the local tax rates per $100 valuation excluding any additional fire taxes**).
UNINCORPORATED MECK: $0.9836
CHARLOTTE: $1.2775
CORNELIUS: $1.0939
DAVIDSON: 1.1639
HUNTERSVILLE: $1.1089
MATTHEWS: $1.1264
MINT HILL: $1.0939
PINEVILLE: $1.1189
OUTSIDE MECKLENBURG
CABARRUS COUNTY: 62.89 cents
CONCORD: 1.0764
CATAWBA COUNTY: 49 cents
GASTON COUNTY: 88 cents
GASTONIA: $1.42
IREDELL: 46.5 cents
**MOORESVILLE: $1.015
LINCOLN COUNTY: 61 cents
UNION: 63.67 cents
MONROE: $1.17
DOWNTOWN MONROE: $1.37
To figure the dollar amount of the annual taxes for your property, divide the tax value of your PROPERTY by 100 and then multiply THAT NUMBER by the RATE.
**Mooresville property owners in the Mooresville Graded School District boundary pay an additional 13.5 cents per $100 value in school district taxes.
***Many counties levy fire taxes to pay for volunteer fire departments in unincorporated areas.
This information was obtained from an article published by the Charlotte Observer and is deemed reliable but is not guaranteed.
Mortgage Calculator
Principle and Interest Payment
TIPS on figuring estimated payments ...
The above calculator will give you only the monthly PRINCIPLE and INTEREST payment of a fixed rate loan, based upon the term, rate and loan amount you select.
However, in addition to the principle and interest payment, you will need to consider the amount of MONTHLY PROPERTY TAXES and HAZARD INSURANCE that will apply to your property, as well as the MIP (Mortgage Insurance Premium) for an FHA loan or the PMI (Private Mortgage Insurance) premium for a conventional loan, if its applicable.
Once you have done this, you ADD the monthly taxes and monthly insurance to the payment from the calculator and this will bring you a total estimated monthly payment, which is commonly referred to as "PITI" (and in some cases, "PITI+MI").
If you need some help, please feel free to call or email me!
