At their June 20 meeting, commissioners unanimously voted to adopt the Fiscal Year 2022-23 Cabarrus County budget. The budget maintains the property tax rate of 74 cents per $100 of assessed value, for a total operating budget of just under $318 million. With that tax rate, owners of a $217,000 house (the median single-family assessed home value in Cabarrus) would pay $1,606 a year in county property tax.