Kings Mountain, North Carolina Property Taxes
The median property tax rate in Kings Mountain, NC is 1.17%, which is considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Kings Mountain at $93,700, the typical annual property tax bill reaches $1,307, exceeding the national median of $2,690. Property taxes in Kings Mountain are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kings Mountain'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 Kings Mountain 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
Kings Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,096
Ownwell’s Kings Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kings Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kings Mountain 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 Kings Mountain, North Carolina
Property taxes in Kings Mountain, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kings Mountain is 1.17%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Kings Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kings Mountain 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 Kings Mountain's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28086 zip code has the highest median property tax rate of 1.17%, while the 28086 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Kings Mountain provides valuable insights into the varying tax landscape across Gaston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kings Mountain Tax Rate
1.17%
Average Gaston County Tax Rate
1.65%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | 0.82% | 1.04% | 1.17% | 1.57% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Kings Mountain, North Carolina
In Kings Mountain, 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 Gaston 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 in Kings Mountain 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 example, the median home price in Kings Mountain is $93,700, with tax bills ranging from $785 at the 25th percentile to $2,889 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kings Mountain, North Carolina
Source: Ownwell
$48,800
$154,335
$259,870
Average Kings Mountain Assessed Value
$93,700
Average Gaston County Assessed Value
$132,190
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | $25,365 | $58,435 | $93,700 | $147,588 | $199,280 |
Source: Ownwell
Property Tax Bills Across Kings Mountain, North Carolina
In Kings Mountain, located in Gaston County, NC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $93,700. Homeowners can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $785, while at the 75th percentile, it rises to $2,039, and at the 90th percentile, it can reach up to $2,889. These variations are influenced by several factors, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. The highest and lowest median tax bills in Kings Mountain both stand at $1,307, reflecting a consistent rate across different properties. Compared to the national median property tax rate of 0.99%, the rates in Kings Mountain can have a significant impact on homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Kings Mountain Tax Bill
$1,307
Average Gaston County Tax Bill
$2,130
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | $304 | $785 | $1,307 | $2,039 | $2,889 |
Source: Ownwell