The Collections office collects taxes for all tax jurisdictions located within the County. This includes the county, seven cities or towns and 16 fire districts.
The tax rates for each district is set as part of the budget process and takes place no later than June 30 of each year.
Rates are per $100 of value
Based on a home in the City of Kannapolis with a taxable value of $250,000:
Calculate the combined tax rate for the location. For this example the combined tax rate for 2024 is $1.1355 which is equal to the sum of the City of Kannapolis ($0.5595) plus Cabarrus County ($0.576) tax rates. This rate is assessed per hundred dollars of assessed value.
To calculate the tax, multiply the assessed value by the tax rate and divide by 100. Calculation: $250,000 (assessed value) x 1.355 (tax rate)/100 = $3,387.50.