Gastonia, North Carolina Property Taxes
The median property tax rate in Gastonia, NC is 0.68%, lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Gastonia, the typical annual property tax bill reaches $1,295, which is below the national median of $2,690. Property taxes in Gastonia are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gastonia's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Gastonia or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gastonia, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$2,243
Ownwell’s Gastonia Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gastonia with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gastonia to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Gastonia, North Carolina
Property taxes in Gastonia, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gastonia is 0.40%, lower than the U.S. national median of 0.99%. Local government entities within Gastonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gastonia estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Gastonia's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28056 zip code has the highest median property tax rate of 0.40%, while the 28056 zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Gastonia provides valuable insights into the varying tax landscape across Avery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gastonia Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gastonia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28054 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 28056 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Gastonia, North Carolina
In Gastonia, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Avery County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Gastonia, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the highest median tax bill in Gastonia is $4,516 in the 28056 zip code, while the lowest is $1,138 in the 28054 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Gastonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Gastonia, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Gastonia Assessed Value
$560,800
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gastonia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28054 | $63,280 | $146,200 | $284,400 | $422,600 | $505,520 |
| 28056 | $1,128,900 | $1,128,900 | $1,128,900 | $1,128,900 | $1,128,900 |
Source: Ownwell
Property Tax Bills Across Gastonia, North Carolina
In Gastonia, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. For homeowners in Gastonia, the tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property improvements, location, and market trends can influence the assessed value. The median home price in Gastonia is $560,800, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,138, while the 75th percentile tax bill rises to $3,379. At the 90th percentile, homeowners can expect to pay around $4,061. The highest median tax bill in the area is $4,516 in the 28056 zip code, whereas the lowest is $1,138 in the 28054 zip code. Overall, property taxes in Gastonia can have a substantial impact on homeowners, influenced by the assessed value and the specific tax rate applied.
Average Gastonia Tax Bill
$2,243
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Gastonia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28054 | $253 | $585 | $1,138 | $1,690 | $2,022 |
| 28056 | $4,516 | $4,516 | $4,516 | $4,516 | $4,516 |
Source: Ownwell