Claremont, North Carolina Property Taxes
The median property tax rate in Claremont, NC is 0.77%, lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Claremont at $96,800, the typical annual property tax bill is $887, significantly below the national median of $2,690. Property taxes in Claremont 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 Claremont'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 Claremont 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
Claremont, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$745
Ownwell’s Claremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Claremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Claremont 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 Claremont, North Carolina
Property taxes in Claremont, 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 Claremont is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Claremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Claremont 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 Claremont's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28610 zip code has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Claremont provides valuable insights into the varying tax landscape across Catawba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Claremont Tax Rate
0.77%
Average Catawba County Tax Rate
0.80%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Claremont, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28610 | 0.46% | 0.60% | 0.77% | 0.94% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Claremont, North Carolina
In Claremont, 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 Catawba 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 Claremont, 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 Claremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28610 has the highest and lowest median tax bill, both at $887, offering a unique insight into the local tax landscape.
Property Tax Assessment Values Across Claremont, North Carolina
Source: Ownwell
$39,100
$178,200
$317,300
Average Claremont Assessed Value
$96,800
Average Catawba County Assessed Value
$180,000
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Claremont, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28610 | $11,200 | $53,200 | $96,800 | $160,400 | $235,600 |
Source: Ownwell
Property Tax Bills Across Claremont, North Carolina
Property tax bills in Claremont, NC, located in Catawba County, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor’s office and is intended to reflect the market value of the home. For instance, the median home price in Claremont is $96,800. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. In Claremont, the tax bills can vary significantly. Homeowners at the 25th percentile of tax bills pay approximately $423 annually, while those at the 75th percentile face a tax bill of around $1,314. For those at the 90th percentile, the tax bill can be as high as $2,103. The highest and lowest median tax bills in the area are both $887, which is notably below the national median property tax rate of 0.99%. These variations in tax bills can significantly impact homeowners' finances, influencing decisions on budgeting and long-term financial planning.
Average Claremont Tax Bill
$887
Average Catawba County Tax Bill
$1,310
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Claremont, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28610 | $58 | $423 | $887 | $1,314 | $2,103 |
Source: Ownwell