Henrietta, North Carolina Property Taxes
The median property tax rate in Henrietta, NC is 0.47%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Henrietta at $69,600, the typical annual property tax bill amounts to $333, well below the national median of $2,690. Property taxes in Henrietta 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 Henrietta'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 Henrietta 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
Henrietta, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$327
Ownwell’s Henrietta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henrietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henrietta 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 Henrietta, North Carolina
Property taxes in Henrietta, NC, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henrietta is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Henrietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henrietta 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 Henrietta's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28076 has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Henrietta provides valuable insights into the varying tax landscape across Rutherford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henrietta Tax Rate
0.47%
Average Rutherford County Tax Rate
0.45%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henrietta, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28076 | 0.16% | 0.29% | 0.47% | 0.54% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Henrietta, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Henrietta, NC. 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 Rutherford 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 Henrietta, 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. Henrietta's median home price is $69,600, with property tax bills ranging from $142 at the 25th percentile to $457 at the 90th percentile. The highest and lowest median tax bills are both $333, found in zip code 28076. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Henrietta, North Carolina
Source: Ownwell
$7,500
$137,850
$268,200
Average Henrietta Assessed Value
$69,600
Average Rutherford County Assessed Value
$123,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henrietta, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28076 | $36,100 | $45,750 | $69,600 | $92,600 | $97,600 |
Source: Ownwell
Property Tax Bills Across Henrietta, North Carolina
In Henrietta, property tax bills are determined by multiplying the assessed value of the property by the local tax rate. The assessed value is based on the market value of the home, which in Henrietta has a median price of $69,600. This value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Henrietta, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $142 annually, while those at the 75th percentile could see bills as high as $404. The top 10% of tax bills reach up to $457. These figures highlight the range of property tax burdens within the area, influenced by the home's market value and the local tax rate. Comparatively, Henrietta's property tax rates are relatively modest, especially against the national median property tax rate of 0.99%. This makes homeownership more affordable in Henrietta, easing the financial burden on residents.
Average Henrietta Tax Bill
$333
Average Rutherford County Tax Bill
$516
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Henrietta, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28076 | $41 | $142 | $333 | $404 | $457 |
Source: Ownwell