ZIP Code 28209

In ZIP code 28209, part of Charlotte, homes carry a median value of $623,000, and the county-level effective property tax rate of 0.71% works out to roughly $4,423 a year in taxes on such a home. Households here earn a median of $101,873, with per-capita income at $86,125, so that tax bill equals about 4.3% of median household earnings. Combined with a 7.25% sales tax, the overall cost of living leans on higher incomes, and buying into this area demands both a substantial down payment and the earnings to sustain it.