Rock Hill, North Carolina Property Taxes
The median property tax rate in Rock Hill, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $372,900, the typical annual property tax bill in Rock Hill amounts to $1,581, well below the national median of $2,690. Property taxes in Rock Hill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rock Hill'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 Rock Hill 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
Rock Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,492
Ownwell’s Rock Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rock Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock Hill to provide an estimate of 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 Rock Hill, North Carolina
Property taxes in Rock Hill, 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 Rock Hill 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 Rock Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock Hill 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 Rock Hill's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 29732 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these areas compare with Rock Hill 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 Rock Hill 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 Rock Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29732 | 0.40% | 0.40% | 0.40% | 0.41% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Rock Hill, North Carolina
In Rock Hill, 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 Rock Hill, 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 Rock Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rock Hill are both $1,581, found in zip code 29732.
Property Tax Assessment Values Across Rock Hill, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Rock Hill Assessed Value
$372,900
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 Rock Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29732 | $333,540 | $348,300 | $372,900 | $951,350 | $1,298,420 |
Source: Ownwell
Property Tax Bills Across Rock Hill, North Carolina
In Rock Hill, Avery County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's tax assessor and reflects the property's market value. Homeowners in Rock Hill face a median home price of $372,900, and their property tax rates are influenced by various factors, including location, property size, and any applicable exemptions. The tax bill can vary significantly, with the 25th percentile at $1,438 and the 75th percentile reaching $3,850. For those in the 90th percentile, tax bills can go up to $5,212. These figures show that while some homeowners pay relatively low property taxes, others may face much higher bills. The highest median tax bill in Rock Hill is $1,581, found in the 29732 zip code, which is also the lowest median tax bill in that area. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, highlighting the importance of accurate property assessments in determining fair tax bills.
Average Rock Hill Tax Bill
$1,581
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29732 | $1,352 | $1,438 | $1,581 | $3,850 | $5,212 |
Source: Ownwell