Kings Mountain, North Carolina Property Taxes
The median property tax rate in Kings Mountain, NC is 0.90%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $116,732 in Kings Mountain, the typical annual property tax bill amounts to $1,019, which is lower than the national median of $2,690. Property taxes in Kings Mountain are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in Kings Mountain, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kings Mountain or another part of Cleveland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kings Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,051
Ownwell’s Kings Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kings Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kings Mountain 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 Kings Mountain, North Carolina
Property taxes in Kings Mountain, 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 Kings Mountain is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Kings Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kings Mountain 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 Kings Mountain's effective property tax rate to other areas and the national median. For comparison, the ZIP code 28086 has the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Kings Mountain provides valuable insights into the varying tax landscape across Cleveland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kings Mountain Tax Rate
0.90%
Average Cleveland County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | 0.77% | 0.83% | 0.90% | 1.14% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Kings Mountain, North Carolina
In Kings Mountain, 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 Cleveland 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 Kings Mountain, 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 Kings Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1019, found in the 28086 zip code.
Property Tax Assessment Values Across Kings Mountain, North Carolina
Source: Ownwell
$55,703
$127,552
$199,401
Average Kings Mountain Assessed Value
$116,732
Average Cleveland County Assessed Value
$100,046
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | $35,903 | $65,036 | $116,732 | $183,732 | $268,895 |
Source: Ownwell
Property Tax Bills Across Kings Mountain, North Carolina
In Kings Mountain, Cleveland County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $116,732. Property taxes are determined by multiplying the assessed value by the tax rate set by local authorities. For instance, homeowners in the 25th percentile can expect a tax bill of around $576, while those in the 75th percentile may see bills up to $1,577. At the higher end, the 90th percentile reaches approximately $2,510. The tax rate in Kings Mountain is influenced by factors such as local government budgets, public service needs, and school funding requirements. Compared to the national median property tax rate of 0.99%, Kings Mountain offers a relatively affordable tax environment. This can significantly impact homeowners, making the area attractive for those seeking lower property tax obligations while still enjoying the benefits of local public services and community infrastructure.
Average Kings Mountain Tax Bill
$1,019
Average Cleveland County Tax Bill
$887
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | $313 | $576 | $1,019 | $1,577 | $2,510 |
Source: Ownwell