High Point, North Carolina Property Taxes
The median property tax rate in High Point, NC is 0.83%, slightly higher than the state median of 0.82% but lower than the national median of 0.99%. With the median home value in High Point at $196,750, the typical annual property tax bill amounts to $838, which is significantly below the national median of $2,690. Property taxes in High Point are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding High Point's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of High Point or another part of Forsyth County, a thorough grasp of the local property tax system is essential for optimizing your financial planning.
Last Updated June 14, 2024
High Point, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,633
Ownwell’s High Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Point 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 High Point, North Carolina
Property taxes in High Point, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Point is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within High Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Point 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 High Point's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27265 zip code has the highest median property tax rate of 0.83%, while the 27263 zip code has the lowest median tax rate of 0.83%. Understanding how these areas compare with High Point provides valuable insights into the varying tax landscape across Forsyth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High Point Tax Rate
0.83%
Average Forsyth County Tax Rate
1.31%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
| 27265 | 0.22% | 0.27% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across High Point, North Carolina
In High Point, 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 Forsyth 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 High Point, 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, residents in zip code 27263 face the highest median tax bill at $1,259, while those in zip code 27265 have the lowest at $837. Being aware of these valuation processes in High Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across High Point, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
Average High Point Assessed Value
$196,750
Average Forsyth County Assessed Value
$158,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | $151,400 | $151,400 | $151,400 | $151,400 | $151,400 |
| 27265 | $76,100 | $111,100 | $197,300 | $296,800 | $323,400 |
Source: Ownwell
Property Tax Bills Across High Point, North Carolina
Property tax bills in High Point, located in Forsyth County, NC, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is periodically reassessed to reflect current market conditions. For homeowners in High Point, the median home price stands at $196,750. Several factors influence the final tax bill, including property location, improvements, and exemptions. For instance, properties in the zip code 27263 have the highest median tax bill at $1,259, while those in 27265 have the lowest at $837. The distribution of tax bills shows that 25% of homeowners pay around $690, while 75% pay approximately $1,328, and the top 10% could see bills as high as $1,925. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for residents. Homeowners must budget for these expenses, as they are an integral part of owning property in High Point.
Average High Point Tax Bill
$838
Average Forsyth County Tax Bill
$1,755
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | $1,259 | $1,259 | $1,259 | $1,259 | $1,259 |
| 27265 | $496 | $690 | $837 | $1,333 | $1,925 |
Source: Ownwell