Connelly Springs, North Carolina Property Taxes
The median property tax rate in Connelly Springs, NC 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 a median home value of $105,000 in Connelly Springs, the typical annual property tax bill amounts to $756, significantly below the national median of $2,690. Property taxes in Connelly Springs 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 Connelly Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Connelly Springs 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
Connelly Springs, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$714
Ownwell’s Connelly Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Connelly Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Connelly Springs 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 Connelly Springs, North Carolina
Property taxes in Connelly Springs, NC, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Connelly Springs is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Connelly Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Connelly Springs 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 Connelly Springs' effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28612 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Connelly Springs 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 Connelly Springs Tax Rate
0.68%
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 Connelly Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28612 | 0.45% | 0.47% | 0.68% | 0.80% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Connelly Springs, North Carolina
In Connelly Springs, 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 Catawba 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 Connelly Springs, 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. The median home price in Connelly Springs is $105,000, with tax bills ranging from $190 at the 25th percentile to $1,395 at the 90th percentile. 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 Connelly Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Connelly Springs, North Carolina
Source: Ownwell
$39,100
$178,200
$317,300
Average Connelly Springs Assessed Value
$105,000
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 Connelly Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28612 | $17,380 | $49,250 | $105,000 | $158,800 | $209,860 |
Source: Ownwell
Property Tax Bills Across Connelly Springs, North Carolina
In Connelly Springs, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the total tax bill. For instance, with a median home price of $105,000, homeowners in Connelly Springs can expect varied tax bills depending on their property’s assessed value and specific tax rate. Several factors influence the property tax bill, including the home’s assessed value, local tax rates, and any applicable exemptions. The 25th percentile tax bill is around $190, while the 75th percentile reaches up to $962. At the 90th percentile, homeowners might face a tax bill as high as $1,395. These figures indicate a wide range of potential tax burdens, reflecting differences in property values and assessment practices. Compared to the national median property tax rate of 0.99%, Connelly Springs’ tax bills can be relatively moderate, offering some relief to homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Connelly Springs Tax Bill
$756
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 Connelly Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28612 | $71 | $190 | $756 | $962 | $1,395 |
Source: Ownwell