Boiling Springs, North Carolina Property Taxes
The median property tax rate in Boiling Springs, NC is 1.08%, notably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Boiling Springs at $113,306, the typical annual property tax bill amounts to $1,177, surpassing the national median of $2,690. Property taxes in Boiling Springs are based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Boiling 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 Boiling Springs or another part of Cleveland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boiling Springs, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,224
Ownwell’s Boiling Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boiling Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boiling 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 Boiling Springs, North Carolina
Property taxes in Boiling Springs, NC, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boiling Springs is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Boiling Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boiling 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 Boiling Springs' effective property tax rate to other areas in Cleveland County and the national median. For comparison, the zip code 28017 has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Boiling Springs provides valuable insights into the varying tax landscape across Cleveland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boiling Springs Tax Rate
1.08%
Average Cleveland County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boiling Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28017 | 0.84% | 1.06% | 1.08% | 1.09% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Boiling Springs, North Carolina
In Boiling 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 Cleveland 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. 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. The median home price in Boiling Springs is $113,306, with annual property tax bills ranging from $746 at the 25th percentile to $2,432 at the 90th percentile. The zip code 28017 has both the highest and lowest median tax bill at $1,177. Being aware of these valuation processes in Boiling Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Boiling Springs, North Carolina
Source: Ownwell
$55,703
$127,552
$199,401
Average Boiling Springs Assessed Value
$113,306
Average Cleveland County Assessed Value
$100,046
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boiling Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28017 | $42,224 | $73,415 | $113,306 | $173,724 | $248,586 |
Source: Ownwell
Property Tax Bills Across Boiling Springs, North Carolina
In Boiling Springs, Cleveland County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $113,306, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and any applicable exemptions or deductions also influence the final tax bill. Homeowners in Boiling Springs typically see tax bills ranging from $746 at the 25th percentile to $2,432 at the 90th percentile. This variation highlights the impact of different property values and assessment criteria. Compared to the national median property tax rate of 0.99%, these figures illustrate how local tax rates and assessments can significantly affect homeowners' financial obligations, making it essential for property owners to understand their specific tax calculations.
Average Boiling Springs Tax Bill
$1,177
Average Cleveland County Tax Bill
$887
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Boiling Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28017 | $445 | $746 | $1,177 | $1,729 | $2,432 |
Source: Ownwell