Hays, North Carolina Property Taxes
The median property tax rate in Hays, NC is 0.73%, 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 Hays, the typical annual property tax bill amounts to $652, which is significantly less than the national median of $2,690. Property taxes in Hays are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hays' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hays 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
Hays, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$704
Ownwell’s Hays Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hays with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hays 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 Hays, North Carolina
Property taxes in Hays, 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 Hays is 0.73%, significantly lower than the U.S. national median of 0.99%. Local government entities within Hays set these rates annually, and they can vary across different neighborhoods. Each year, Hays 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 Hays' effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28635 has both the highest and lowest median property tax rate of 0.73%, which is consistent across the area. Understanding how these cities compare with Hays provides valuable insights into the varying tax landscape across Wilkes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hays Tax Rate
0.73%
Average Wilkes County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hays, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28635 | 0.44% | 0.73% | 0.73% | 0.73% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Hays, North Carolina
In Hays, 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 county appraisal authorities 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 Hays, 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 Hays helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hays, the zip code 28635 has the highest and lowest median tax bill at $652.
Average Hays Assessed Value
$96,470
Average Wilkes County Assessed Value
$107,250
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hays, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28635 | $40,920 | $64,130 | $96,470 | $145,530 | $213,570 |
Source: Ownwell
Property Tax Bills Across Hays, North Carolina
In Hays, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Hays stands at $96,470. The property tax rate in Wilkes County is 0.99%, aligning with the national median. This means that a homeowner with a median-priced property can expect an annual tax bill of approximately $652. Factors such as property size, location, and improvements impact the assessed value, which in turn affects the tax bill. For example, tax bills in the 25th percentile are around $428, while those in the 75th percentile reach about $1,005. At the 90th percentile, homeowners might see tax bills as high as $1,446. These property taxes are crucial for funding local services, including schools, infrastructure, and emergency services. Homeowners in Hays should be aware of their property’s assessed value and tax rate to plan their finances accordingly.
Average Hays Tax Bill
$652
Average Wilkes County Tax Bill
$770
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hays, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28635 | $259 | $428 | $652 | $1,005 | $1,446 |
Source: Ownwell