Gerton, North Carolina Property Taxes
The median property tax rate in Gerton, NC is 0.45%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $204,400, the typical annual property tax bill in Gerton is $923, well below the national median of $2,690. Property taxes in Gerton 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 Gerton'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 Gerton 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
Gerton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$920
Ownwell’s Gerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gerton 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 Gerton, North Carolina
Property taxes in Gerton, North Carolina, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Gerton is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Gerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gerton 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 Gerton's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28735 has the highest median property tax rate of 0.45%, while the lowest median tax rate is also 0.45%. Understanding how these areas compare with Gerton provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gerton Tax Rate
0.45%
Average Henderson County Tax Rate
0.44%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gerton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28735 | 0.39% | 0.43% | 0.45% | 0.50% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Gerton, North Carolina
In Gerton, 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 Henderson 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 Gerton, 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 Gerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28735 has both the highest and lowest median tax bill at $923, reflecting the diverse property values within the area.
Average Gerton Assessed Value
$204,400
Average Henderson County Assessed Value
$308,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gerton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28735 | $34,980 | $112,350 | $204,400 | $285,225 | $430,760 |
Source: Ownwell
Property Tax Bills Across Gerton, North Carolina
In Gerton, located in Henderson County, NC, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Gerton experience tax bills that vary significantly, with the 25th percentile tax bill at $521 and the 75th percentile reaching $1,268. For those in the 90th percentile, tax bills can be as high as $1,924. These tax bills are influenced by several factors including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The median home price in Gerton is $204,400, which serves as a benchmark for understanding these figures. Compared to the national median property tax rate of 0.99%, Gerton's tax rates can offer a relative sense of affordability or expense depending on individual circumstances. Homeowners must consider these factors when budgeting for their annual property tax responsibilities.
Average Gerton Tax Bill
$923
Average Henderson County Tax Bill
$1,336
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Gerton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28735 | $216 | $521 | $923 | $1,268 | $1,924 |
Source: Ownwell