28104 Property Tax Rate

Property owners in ZIP code 28104 (Matthews, North Carolina) pay a median of $3,104/year in property taxes on homes valued at $482,200. This translates to an effective tax rate of 0.64%, which is 10% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28104 is approximately $259, which factors into escrow payments on mortgages. This ZIP code is located within Union County. This is $1,513 more than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28104 has higher property taxes. ZIP codes with similar effective rates include 28146 (0.64%) and 27239 (0.64%).

In Matthews, property taxes represent approximately 2.4% of the median household income of $129,775, providing context for the relative tax burden on homeowners in this area.

North Carolina revalues property every four years at market value; your assessed value will reset to your purchase price at the next countywide revaluation. Union County offers a Homestead Property Tax Exclusion ($20,000–$25,000 depending on age 65+, disability status, or widow classification) — apply through the Union County Tax Assessor's office and verify income eligibility (typically $58,000–$60,000). File your homestead exemption with the Union County Tax Assessor immediately after closing to apply the exclusion to your first tax bill.