High Point, North Carolina Property Taxes
The median property tax rate in High Point, NC is 1.35%, which is considerably higher than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in High Point at $132,800, the typical annual property tax bill reaches $1,697, still below the national median of $2,690. Property taxes in High Point are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding High Point'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 High Point or another part of Guilford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
High Point, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,793
Ownwell’s High Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Point 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 High Point, North Carolina
Property taxes in High Point, 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 High Point is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within High Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Point 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 High Point's effective property tax rate to other areas in Guilford County and the national median. For comparison, the 27262 zip code has the highest median property tax rate of 1.35%, while the 27263 zip code has the lowest median tax rate of 1.35%. Understanding how these areas compare with High Point provides valuable insights into the varying tax landscape across Guilford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High Point Tax Rate
1.35%
Average Guilford County Tax Rate
1.35%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27260 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
| 27262 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
| 27263 | 0.87% | 0.88% | 1.35% | 1.35% | 1.35% |
| 27265 | 1.15% | 1.35% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across High Point, North Carolina
In High Point, 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 Guilford 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 High Point, 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. For instance, the highest median tax bill in the city is $2,507 in zip code 27265, while the lowest is $799 in zip code 27260. 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 High Point, North Carolina
Source: Ownwell
$15,000
$189,700
$364,400
Average High Point Assessed Value
$132,800
Average Guilford County Assessed Value
$164,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27260 | $12,000 | $39,900 | $61,000 | $100,200 | $150,500 |
| 27262 | $41,500 | $62,600 | $98,800 | $194,000 | $287,500 |
| 27263 | $23,050 | $59,325 | $92,400 | $139,300 | $184,450 |
| 27265 | $78,600 | $137,850 | $190,600 | $262,600 | $325,500 |
Source: Ownwell
Property Tax Bills Across High Point, North Carolina
In High Point, located in Guilford County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value. Homeowners in High Point can expect their tax bills to vary significantly depending on their property's assessed value and the applicable tax rate. For instance, the median home price in High Point is $132,800. Homeowners in the 25th percentile pay around $857 in property taxes, while those in the 75th percentile see bills of approximately $2,843. The 90th percentile tax bill can go up to $3,917. The highest median tax bill in the area is $2,507, found in the 27265 zip code, whereas the lowest is $799 in the 27260 zip code. These variations affect homeowners differently, with higher-valued properties incurring larger tax bills. Compared to the national median property tax rate of 0.99%, High Point's property tax rates reflect the unique valuation and assessment practices of Guilford County.
Average High Point Tax Bill
$1,697
Average Guilford County Tax Bill
$1,922
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27260 | $202 | $527 | $799 | $1,321 | $2,029 |
| 27262 | $537 | $818 | $1,288 | $2,604 | $3,870 |
| 27263 | $233 | $629 | $1,061 | $1,517 | $2,040 |
| 27265 | $960 | $1,748 | $2,507 | $3,478 | $4,305 |
Source: Ownwell