Rowan County Property Taxes
The median property tax rate in Rowan County is 0.68%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Rowan County at $187,326, the typical annual property tax bill amounts to $1,628, significantly below the national median of $2,690. Property taxes in Rowan County are based on the assessed value, which is often less than the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Rowan 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 Salisbury or another part of Rowan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rowan County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,274
Ownwell’s Rowan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rowan County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Rowan County 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 Rowan County, North Carolina
Property taxes in Rowan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Rowan County is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Rowan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Rowan 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. For comparison, the city of East Spencer has one of the higher property tax rates in the region at 1.24%, while the city of New London boasts one of the lowest at 0.65%. Analyzing how Rowan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Rowan County Tax Rate
0.68%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rowan County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| China Grove | 0.66% | 0.67% | 0.68% | 1.08% | 1.08% |
| Cleveland | 0.66% | 0.67% | 0.67% | 0.88% | 0.88% |
| Davidson | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| East Spencer | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
| Faith | 0.67% | 0.67% | 0.83% | 0.99% | 0.99% |
| Gold Hill | 0.66% | 0.66% | 0.66% | 0.66% | 0.67% |
| Granite Quarry | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| Kannapolis | 0.66% | 0.66% | 1.21% | 1.21% | 1.21% |
| Landis | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
| Mooresville | 0.67% | 0.67% | 0.68% | 0.68% | 0.68% |
| Mount Ulla | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
| New London | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
| Richfield | 0.65% | 0.67% | 0.67% | 0.67% | 0.67% |
| Rockwell | 0.67% | 0.67% | 0.67% | 0.67% | 1.04% |
| Salisbury | 0.66% | 0.67% | 0.68% | 1.20% | 1.20% |
| Spencer | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
| Statesville | N/A | N/A | N/A | N/A | N/A |
| Woodleaf | 0.65% | 0.65% | 0.66% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Rowan County, North Carolina
In Rowan 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 Rowan County 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 Rowan 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Davidson has the highest median tax bill at $4,536, while New London has the lowest at $281. Being aware of these valuation processes in Rowan 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 Rowan County, North Carolina
Source: Ownwell
$43,240
$356,407
$669,574
Average Rowan County Assessed Value
$187,326
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rowan County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| China Grove | $84,998 | $129,149 | $190,749 | $296,930 | $445,078 |
| Cleveland | $39,090 | $95,979 | $163,484 | $270,163 | $418,754 |
| Davidson | $504,839 | $587,318 | $669,574 | $716,506 | $763,427 |
| East Spencer | $76,988 | $97,416 | $135,470 | $195,211 | $214,605 |
| Faith | $120,069 | $191,182 | $253,184 | $383,096 | $426,600 |
| Gold Hill | $40,944 | $99,604 | $178,426 | $302,825 | $473,160 |
| Granite Quarry | $103,848 | $155,468 | $183,668 | $234,736 | $308,236 |
| Kannapolis | $78,405 | $116,268 | $161,716 | $227,429 | $321,933 |
| Landis | $99,114 | $134,440 | $202,232 | $279,514 | $360,838 |
| Mooresville | $67,947 | $155,136 | $227,224 | $367,753 | $544,670 |
| Mount Ulla | $101,842 | $172,753 | $300,131 | $457,630 | $617,753 |
| New London | $30,804 | $37,635 | $43,240 | $146,904 | $203,495 |
| Richfield | $61,951 | $122,786 | $206,906 | $324,738 | $459,846 |
| Rockwell | $64,412 | $116,866 | $180,576 | $275,770 | $414,389 |
| Salisbury | $75,588 | $126,271 | $194,496 | $293,687 | $419,214 |
| Spencer | $97,638 | $128,240 | $159,085 | $202,069 | $267,184 |
| Statesville | N/A | N/A | N/A | N/A | N/A |
| Woodleaf | $37,583 | $96,420 | $165,799 | $238,376 | $344,882 |
Source: Ownwell
Property Tax Bills Across Rowan County, North Carolina
In Rowan County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The median home price in Rowan County is $187,326. Homeowners can expect their property tax bills to vary widely, with the 25th percentile tax bill at $1,034 and the 75th percentile reaching $2,442. For those in the 90th percentile, the tax bill can go up to $3,582. These figures highlight the significant range in property tax obligations within the county. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. For instance, properties in Davidson have the highest median tax bill at $4,536, while New London has the lowest at $281. Compared to the national median property tax rate of 0.99%, Rowan County's tax rates reflect both the economic diversity and the varying property values within the region. Homeowners should be aware of these differences as they can significantly impact their annual financial planning.
Average Rowan County Tax Bill
$1,628
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rowan County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| China Grove | $622 | $1,015 | $1,582 | $2,351 | $3,497 |
| Cleveland | $439 | $835 | $1,461 | $2,168 | $2,857 |
| Davidson | $3,420 | $3,979 | $4,536 | $4,854 | $5,172 |
| East Spencer | $955 | $1,208 | $1,680 | $2,421 | $2,661 |
| Faith | $813 | $1,426 | $2,507 | $3,120 | $3,754 |
| Gold Hill | $275 | $696 | $1,206 | $1,879 | $2,812 |
| Granite Quarry | $1,059 | $1,586 | $1,870 | $2,394 | $3,144 |
| Kannapolis | $659 | $1,083 | $1,583 | $2,260 | $3,224 |
| Landis | $909 | $1,365 | $2,141 | $2,964 | $3,840 |
| Mooresville | $455 | $1,042 | $1,521 | $2,484 | $3,690 |
| Mount Ulla | $682 | $1,158 | $2,011 | $3,068 | $4,142 |
| New London | $200 | $245 | $281 | $955 | $1,323 |
| Richfield | $410 | $812 | $1,386 | $2,175 | $3,050 |
| Rockwell | $446 | $816 | $1,402 | $2,123 | $3,250 |
| Salisbury | $595 | $1,055 | $1,679 | $2,542 | $3,753 |
| Spencer | $1,091 | $1,442 | $1,794 | $2,280 | $3,014 |
| Statesville | N/A | N/A | N/A | N/A | N/A |
| Woodleaf | $248 | $635 | $1,093 | $1,575 | $2,299 |
Source: Ownwell