Rural Hall, North Carolina Property Taxes
The median property tax rate in Rural Hall, NC is 0.80%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Rural Hall at $147,550, the typical annual property tax bill reaches $1,288, which is below the national median of $2,690. Property taxes in Rural Hall are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rural Hall'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 Rural Hall 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
Rural Hall, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,180
Ownwell’s Rural Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rural Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rural Hall 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 Rural Hall, North Carolina
Property taxes in Rural Hall, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rural Hall is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Rural Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rural Hall 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 Rural Hall's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27045 has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these areas compare with Rural Hall provides valuable insights into the varying tax landscape across Forsyth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rural Hall Tax Rate
0.80%
Average Forsyth County Tax Rate
1.31%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rural Hall, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27045 | 0.79% | 0.79% | 0.80% | 0.99% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Rural Hall, North Carolina
In Rural Hall, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Forsyth 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. Assessment notices in Rural Hall 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. In Rural Hall, the median home price is $147,550, with tax bills ranging from $949 at the 25th percentile to $2,643 at the 90th percentile. The zip code with the highest and lowest median tax bill is 27045, with a median tax bill of $1,288. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rural Hall, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
Average Rural Hall Assessed Value
$147,550
Average Forsyth County Assessed Value
$158,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rural Hall, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27045 | $74,430 | $113,700 | $147,550 | $194,600 | $246,300 |
Source: Ownwell
Property Tax Bills Across Rural Hall, North Carolina
In Rural Hall, Forsyth County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $147,550. Homeowners can expect their property tax bill to vary depending on the assessed value and applicable tax rates. For example, the 25th percentile tax bill is approximately $949, while the 75th percentile tax bill is around $1,835. At the higher end, the 90th percentile tax bill reaches $2,643. These figures are influenced by several factors including the property's assessed value and the local tax rate. The median tax bill in the highest median tax bill zip code, 27045, is $1,288. Compared to the national median property tax rate of 0.99%, these figures provide a clear picture of how property taxes can impact homeowners in Rural Hall. Understanding these factors can help homeowners budget and plan for their annual property tax expenses effectively.
Average Rural Hall Tax Bill
$1,288
Average Forsyth County Tax Bill
$1,755
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rural Hall, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27045 | $576 | $949 | $1,288 | $1,835 | $2,643 |
Source: Ownwell