High Point, North Carolina Property Taxes
The median property tax rate in High Point, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in High Point at $216,050, the typical annual property tax bill amounts to $1,368, which is well below the national median of $2,690. Property taxes in High Point are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding High Point's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of High Point or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
High Point, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$864
Ownwell’s High Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Point to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across High Point, North Carolina
Property taxes in High Point, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Point is 0.40%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within High Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Point 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 High Point's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27262 zip code has the highest median property tax rate of 0.40%, while the lowest median tax rate is also found in the 27262 zip code at 0.40%. Understanding how these cities compare with High Point 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 High Point 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 High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27262 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 27265 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across High Point, North Carolina
In High Point, 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 High Point, 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. 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 High Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27262 has the highest and lowest median tax bill at $1,368.
Property Tax Assessment Values Across High Point, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average High Point Assessed Value
$216,050
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 High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27262 | $342,100 | $342,100 | $342,100 | $342,100 | $342,100 |
| 27265 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across High Point, North Carolina
In High Point, located in Avery County, NC, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Factors such as location, property size, and home improvements can influence this assessed value. Homeowners in High Point can expect a median property tax bill of $1,368, which is consistent across various percentiles and zip codes in the area. This amount is notably higher than the national median property tax rate of 0.99%. For a home with a median price of $216,050, the tax bill represents a significant annual expense. Understanding how these taxes are calculated helps homeowners budget more effectively and anticipate their financial obligations. The uniformity of the tax bill across different percentiles indicates a stable and predictable property tax environment in High Point, providing a clear picture of what to expect for current and prospective homeowners.
Average High Point Tax Bill
$1,368
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27262 | $1,368 | $1,368 | $1,368 | $1,368 | $1,368 |
| 27265 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell