Rhodhiss, North Carolina Property Taxes
The median property tax rate in Rhodhiss, NC is 1.22%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Rhodhiss at $41,900, the typical annual property tax bill reaches $513, which is below the national median of $2,690. Property taxes in Rhodhiss 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 Rhodhiss'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 Rhodhiss 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
Rhodhiss, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$511
Ownwell’s RHODHISS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RHODHISS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RHODHISS 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 Rhodhiss, North Carolina
Property taxes in Rhodhiss, 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 Rhodhiss is 1.22%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Rhodhiss set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rhodhiss 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 Rhodhiss's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28667 has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Rhodhiss provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rhodhiss Tax Rate
1.22%
Average Caldwell County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rhodhiss, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28667 | 1.18% | 1.20% | 1.22% | 1.23% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Rhodhiss, North Carolina
In Rhodhiss, 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 Caldwell County 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 Rhodhiss, 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. The median home price in Rhodhiss is $41,900, with the 25th percentile tax bill at $353 and the 75th percentile at $814. The highest and lowest median tax bills are both $513, found in the 28667 zip code. By understanding 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 Rhodhiss helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rhodhiss, North Carolina
Source: Ownwell
$11,100
$496,325
$981,550
Average Rhodhiss Assessed Value
$41,900
Average Caldwell County Assessed Value
$103,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rhodhiss, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28667 | $14,220 | $28,050 | $41,900 | $66,550 | $98,700 |
Source: Ownwell
Property Tax Bills Across Rhodhiss, North Carolina
In Rhodhiss, located in Caldwell County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Rhodhiss can expect their property tax bill to be influenced by the local tax rate, which is applied to the assessed value to calculate the annual tax obligation. For example, with a median home price of $41,900, homeowners in Rhodhiss might see tax bills ranging from $353 at the 25th percentile to $814 at the 75th percentile, and up to $1,116 at the 90th percentile. These figures illustrate how property taxes can vary significantly based on the value of the property and the specific tax rates in Caldwell County. Compared to the national median property tax rate of 0.99%, Rhodhiss offers relatively affordable property taxes, which can be a significant factor for homeowners when budgeting for their annual expenses.
Average Rhodhiss Tax Bill
$513
Average Caldwell County Tax Bill
$744
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rhodhiss, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28667 | $168 | $353 | $513 | $814 | $1,116 |
Source: Ownwell