28173 Property Tax Rate

Property owners in ZIP code 28173 (Waxhaw, North Carolina) pay a median of $3,349/year in property taxes on homes valued at $558,500. This translates to an effective tax rate of 0.60%, which is 16% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28173 is approximately $279, which factors into escrow payments on mortgages. This ZIP code is located within Union County. This is $1,758 more than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28173 has higher property taxes. ZIP codes with similar effective rates include 28643 (0.60%) and 27258 (0.60%).

In Waxhaw, property taxes represent approximately 2.3% of the median household income of $146,196, 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.