Gold Hill, North Carolina Property Taxes
The median property tax rate in Gold Hill, NC is 0.68%, 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 Gold Hill at $144,734, the typical annual property tax bill is $1,040, which is also below the national median of $2,690. Property taxes in Gold Hill are determined based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Gold Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're residing in the heart of Gold Hill or another neighborhood within Stanly County, gaining insight into the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Gold Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$984
Ownwell’s Gold Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gold Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gold Hill 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 Gold Hill, North Carolina
Property taxes in Gold Hill, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gold Hill is 0.68%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Gold Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gold Hill 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 Gold Hill's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28071 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Gold Hill provides valuable insights into the varying tax landscape across Stanly County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gold Hill Tax Rate
0.68%
Average Stanly County Tax Rate
0.76%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gold Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28071 | 0.40% | 0.68% | 0.68% | 0.68% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Gold Hill, North Carolina
In Gold Hill, 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 Stanly County Assessment Office 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 Gold Hill, 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. Gold Hill's median home price is $144,734, and the median tax bill ranges from $479 at the 25th percentile to $2,452 at the 90th percentile. The highest and lowest median tax bills are both $1,040 in the 28071 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Gold Hill, North Carolina
Source: Ownwell
$56,852
$134,651
$212,449
Average Gold Hill Assessed Value
$144,734
Average Stanly County Assessed Value
$133,890
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gold Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28071 | $54,601 | $81,056 | $144,734 | $227,697 | $276,516 |
Source: Ownwell
Property Tax Bills Across Gold Hill, North Carolina
Property tax bills in Gold Hill, located in Stanly County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For Gold Hill, the median home price stands at $144,734. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Gold Hill can expect a range of property tax bills. For instance, the tax bill at the 25th percentile is $479, while at the 75th percentile, it rises to $1513. Those at the 90th percentile see a tax bill of $2452. Comparatively, the highest and lowest median tax bills in the area are both $1040, indicating some uniformity in tax assessments within the zip code 28071. Understanding these factors helps homeowners budget accordingly and anticipate their annual financial obligations. Given that the national median property tax rate is 0.99%, Gold Hill's tax rates are reflective of the broader trends, providing a balanced perspective for residents.
Average Gold Hill Tax Bill
$1,040
Average Stanly County Tax Bill
$1,079
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Gold Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28071 | $266 | $479 | $1,040 | $1,513 | $2,452 |
Source: Ownwell