Gaston County Property Taxes
The median property tax rate in Gaston County is 1.65%, which is significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Gaston County at $132,190, the typical annual property tax bill reaches $2,130, which is below the national median of $2,690. Property taxes in Gaston County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Gaston County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Gastonia or another part of Gaston County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gaston County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$2,181
Ownwell’s Gaston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gaston with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gaston to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Gaston County, North Carolina
Property taxes in Gaston County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gaston County is 1.65%, which is higher than the U.S. national median of 0.99%. Local government entities within Gaston County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gaston County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Gaston County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of High Shoals has one of the higher property tax rates in North Carolina at 2.05%, while the city of Alexis boasts one of the lowest at 1.14%. Analyzing how Gaston County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gaston County Tax Rate
1.65%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gaston County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexis | 0.94% | 1.07% | 1.14% | 1.26% | 1.38% |
| Belmont | 1.03% | 1.25% | 1.64% | 1.79% | 2.07% |
| Bessemer City | 0.90% | 1.08% | 1.38% | 1.90% | 2.15% |
| Cherryville | 0.95% | 1.13% | 1.68% | 1.95% | 2.28% |
| Clover | 1.16% | 1.23% | 1.35% | 1.47% | 1.54% |
| Cramerton | 1.36% | 1.53% | 1.79% | 1.99% | 2.23% |
| Crouse | 0.89% | 1.09% | 1.18% | 1.29% | 1.57% |
| Dallas | 0.94% | 1.10% | 1.24% | 1.87% | 2.06% |
| Gastonia | 1.06% | 1.32% | 1.75% | 2.05% | 2.51% |
| High Shoals | 1.53% | 1.97% | 2.05% | 2.15% | 2.28% |
| Iron Station | 0.85% | 1.22% | 1.31% | 1.33% | 1.44% |
| Kings Mountain | 0.82% | 1.04% | 1.17% | 1.57% | 2.18% |
| Lincolnton | 0.85% | 0.97% | 1.14% | 1.25% | 1.42% |
| Lowell | 1.25% | 1.79% | 2.04% | 2.33% | 2.58% |
| Mc Adenville | 1.57% | 1.62% | 1.66% | 1.72% | 1.82% |
| Mount Holly | 1.01% | 1.18% | 1.56% | 1.78% | 1.92% |
| Stanley | 0.94% | 1.07% | 1.24% | 1.75% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Gaston County, North Carolina
In Gaston County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Gaston Appraisal District. The assessed value, however, 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 Gaston County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the city of McAdenville has the highest median tax bill at $4,411, while High Shoals has the lowest at $1,016. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Gaston County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Gaston County, North Carolina
Source: Ownwell
$48,800
$154,335
$259,870
Average Gaston County Assessed Value
$132,190
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gaston County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexis | $77,363 | $96,705 | $148,615 | $223,040 | $310,244 |
| Belmont | $71,865 | $124,858 | $195,410 | $299,645 | $414,570 |
| Bessemer City | $35,805 | $65,582 | $99,595 | $135,402 | $189,132 |
| Cherryville | $37,555 | $65,268 | $106,025 | $151,160 | $218,170 |
| Clover | $22,583 | $40,662 | $70,795 | $100,928 | $119,007 |
| Cramerton | $68,992 | $98,025 | $136,850 | $264,290 | $447,566 |
| Crouse | $33,546 | $79,850 | $116,780 | $176,070 | $211,608 |
| Dallas | $41,903 | $80,908 | $128,475 | $178,912 | $218,181 |
| Gastonia | $40,840 | $70,080 | $124,315 | $181,970 | $260,535 |
| High Shoals | $30,174 | $37,970 | $48,800 | $68,220 | $93,782 |
| Iron Station | $53,790 | $80,075 | $114,000 | $129,410 | $158,998 |
| Kings Mountain | $25,365 | $58,435 | $93,700 | $147,588 | $199,280 |
| Lincolnton | $16,998 | $45,580 | $93,220 | $175,950 | $236,484 |
| Lowell | $49,678 | $78,990 | $121,960 | $175,400 | $221,160 |
| Mc Adenville | $53,782 | $142,648 | $259,870 | $292,898 | $316,802 |
| Mount Holly | $61,925 | $106,225 | $171,220 | $241,365 | $326,005 |
| Stanley | $50,740 | $83,005 | $127,350 | $192,230 | $275,348 |
Source: Ownwell
Property Tax Bills Across Gaston County, North Carolina
In Gaston County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or modifications made to the property. Homeowners in Gaston County experience a range of property tax bills. For instance, the 25th percentile tax bill is around $1,273, while the 75th percentile tax bill reaches approximately $3,416. At the 90th percentile, tax bills can soar to $4,644. Comparatively, the highest median tax bill in the county is found in McAdenville at $4,411, while the lowest is in High Shoals at $1,016. These property taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting property values. With the national median property tax rate at 0.99%, Gaston County’s rates and bills provide a clear picture of the local tax landscape.
Average Gaston County Tax Bill
$2,130
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Gaston County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexis | $712 | $1,175 | $1,758 | $2,698 | $3,347 |
| Belmont | $1,243 | $2,108 | $3,272 | $4,892 | $6,316 |
| Bessemer City | $564 | $944 | $1,481 | $2,146 | $2,740 |
| Cherryville | $606 | $1,027 | $1,684 | $2,431 | $3,285 |
| Clover | $313 | $607 | $1,096 | $1,586 | $1,880 |
| Cramerton | $1,272 | $1,941 | $2,686 | $4,411 | $7,204 |
| Crouse | $541 | $992 | $1,436 | $2,284 | $2,673 |
| Dallas | $610 | $1,093 | $1,727 | $2,934 | $3,715 |
| Gastonia | $797 | $1,261 | $2,036 | $3,319 | $4,422 |
| High Shoals | $591 | $725 | $1,016 | $1,491 | $1,984 |
| Iron Station | $596 | $891 | $1,514 | $1,704 | $2,089 |
| Kings Mountain | $304 | $785 | $1,307 | $2,039 | $2,889 |
| Lincolnton | $180 | $505 | $1,183 | $2,102 | $2,773 |
| Lowell | $914 | $1,580 | $2,638 | $3,501 | $4,239 |
| Mc Adenville | $1,097 | $2,888 | $4,411 | $4,822 | $5,268 |
| Mount Holly | $993 | $1,664 | $2,849 | $3,961 | $5,084 |
| Stanley | $687 | $1,128 | $1,876 | $2,778 | $3,657 |
Source: Ownwell