Catawba, North Carolina Property Taxes
The median property tax rate in Catawba, NC is 0.82%, aligning with the state median but lower than the national median of 0.99%. With a median home value of $116,900 in Catawba, the typical annual property tax bill amounts to $1,085, which is significantly below the national median of $2,690. Property taxes in Catawba are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Catawba'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 Catawba 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
Catawba, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$959
Ownwell’s Catawba Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Catawba with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catawba to provide an estimate of your property tax bill. This valuable 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 Catawba, North Carolina
Property taxes in Catawba, North Carolina, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Catawba stands at 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Catawba set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catawba 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 Catawba's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28609 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Catawba provides valuable insights into the varying tax landscape across Catawba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Catawba Tax Rate
0.82%
Average Catawba County Tax Rate
0.80%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catawba, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28609 | 0.48% | 0.69% | 0.82% | 0.99% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Catawba, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Catawba, 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 local 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 Catawba, 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. For instance, the median home price in Catawba is $116,900, with tax bills ranging from $680 at the 25th percentile to $2,995 at the 90th percentile. The zip code 28609 has the highest and lowest median tax bill at $1,085. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Catawba Assessed Value
$116,900
Average Catawba County Assessed Value
$180,000
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Catawba, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28609 | $18,480 | $72,550 | $116,900 | $210,350 | $370,880 |
Source: Ownwell
Property Tax Bills Across Catawba, North Carolina
In Catawba, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $116,900, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors like property location and any applicable exemptions also play a role. For example, tax bills in the 25th percentile are around $680, while those in the 75th percentile can reach $1,725. At the higher end, the 90th percentile sees tax bills up to $2,995. The highest median tax bill in Catawba is $1,085, which is relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Catawba Tax Bill
$1,085
Average Catawba County Tax Bill
$1,310
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Catawba, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28609 | $121 | $680 | $1,085 | $1,725 | $2,995 |
Source: Ownwell