Hollister, North Carolina Property Taxes
The median property tax rate in Hollister, NC, is 0.94%, 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 $85,700 in Hollister, the typical annual property tax bill amounts to $806, which is significantly lower than the national median of $2,690. Property taxes in Hollister are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Hollister'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 Hollister or another part of Nash County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hollister, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$806
Ownwell’s Hollister Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hollister with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hollister 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 Nash County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hollister, North Carolina
Property taxes in Hollister, 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 Hollister is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Hollister set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hollister 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 Hollister's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27844 has both the highest and the lowest median property tax rate of 0.94%. Understanding how these areas compare with Hollister provides valuable insights into the varying tax landscape across Nash County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hollister Tax Rate
0.94%
Average Nash County Tax Rate
0.72%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hollister, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | 0.74% | 0.86% | 0.94% | 0.95% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Hollister, North Carolina
In Hollister, 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 Nash 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 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 Hollister helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hollister are both $806, found in the 27844 zip code.
Property Tax Assessment Values Across Hollister, North Carolina
Source: Ownwell
$29,310
$100,405
$171,500
Average Hollister Assessed Value
$85,700
Average Nash County Assessed Value
$102,010
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hollister, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | $77,400 | $79,645 | $85,700 | $140,482 | $260,815 |
Source: Ownwell
Property Tax Bills Across Hollister, North Carolina
Property tax bills in Hollister, NC, are determined by the assessed value of a property, which is typically a percentage of the market value. For homeowners in Hollister, the median home price is $85,700. The tax rate in Nash County is applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, location, and market trends can influence the assessed value, leading to variations in tax bills. In Hollister, the property tax bills range significantly. At the 25th percentile, homeowners might pay around $758 annually, while those at the 75th percentile could see bills as high as $974. At the 90th percentile, tax bills can soar to $2,023. These figures underscore the impact of property taxes on household budgets, as they can vary widely based on property value assessments. Compared to the national median property tax rate of 0.99%, the tax burden in Hollister is relatively moderate, offering some relief to homeowners in this region.
Average Hollister Tax Bill
$806
Average Nash County Tax Bill
$784
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hollister, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | $740 | $758 | $806 | $974 | $2,023 |
Source: Ownwell