High Point, North Carolina Property Taxes
The median property tax rate in High Point, NC is 0.72%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in High Point at $165,370, the typical annual property tax bill amounts to $1,237, well 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 various exemptions like the primary residence and agricultural exemptions. 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 Randolph 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
0.72%
Estimate Property Tax Bill
$1,191
Ownwell’s High Point Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential property buyers looking to estimate their annual property taxes in High Point. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in High Point to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities, making it easier to budget and plan for the future. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across High Point, North Carolina
Property taxes in High Point, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Point is 0.72%, which is below 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 Randolph County and the national median. For comparison, the 27265 zip code has the highest median property tax rate of 1.03%, while the 27260 zip code has the lowest median tax rate of 0.72%. Understanding how these areas compare with High Point provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High Point Tax Rate
0.72%
Average Randolph County Tax Rate
0.68%
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 | 0.72% | 0.72% | 0.72% | 0.72% | 0.73% |
| 27262 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
| 27263 | 0.65% | 0.72% | 0.72% | 0.82% | 1.03% |
| 27265 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across High Point, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in High Point, North Carolina. 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 Randolph 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. For example, the highest median tax bill in High Point is $2,556 in the 27265 zip code, while the lowest median tax bill is $562 in the 27260 zip code. 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 High Point 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
$78,165
$163,113
$248,060
Average High Point Assessed Value
$165,370
Average Randolph County Assessed Value
$167,245
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 | $22,890 | $62,568 | $78,165 | $98,082 | $131,940 |
| 27262 | $175,379 | $175,738 | $176,335 | $176,932 | $177,291 |
| 27263 | $74,720 | $126,015 | $168,330 | $220,800 | $310,980 |
| 27265 | $248,060 | $248,060 | $248,060 | $248,060 | $248,060 |
Source: Ownwell
Property Tax Bills Across High Point, North Carolina
In High Point, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Randolph County tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $165,370, homeowners can expect varying tax bills depending on their property's value and location within the city. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in the 25th percentile may see tax bills around $802, while those in the 75th percentile could face bills up to $1,757. High-value properties, like those in the highest tax bracket, might have tax bills reaching $2,365. The highest median tax bill recorded in High Point is $2,556 in the 27265 zip code, while the lowest is $562 in the 27260 zip code. These tax bills can significantly impact homeowners' budgets, making it essential to understand how property taxes are calculated and what factors are considered.
Average High Point Tax Bill
$1,237
Average Randolph County Tax Bill
$1,305
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 | $165 | $407 | $562 | $737 | $1,083 |
| 27262 | $1,807 | $1,811 | $1,817 | $1,823 | $1,827 |
| 27263 | $500 | $870 | $1,273 | $1,803 | $2,376 |
| 27265 | $2,556 | $2,556 | $2,556 | $2,556 | $2,556 |
Source: Ownwell