Mc Adenville, North Carolina Property Taxes
The median property tax rate in MC ADENVILLE, NC is 1.66%, 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 MC ADENVILLE, the typical annual property tax bill reaches $4,411, exceeding the national median of $2,690. Property taxes in MC ADENVILLE are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding MC ADENVILLE'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 MC ADENVILLE 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
Mc Adenville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$4,314
Ownwell’s MC ADENVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC ADENVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC ADENVILLE 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 Mc Adenville, North Carolina
Property taxes in McAdenville, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McAdenville is 1.66%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within McAdenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, McAdenville 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 McAdenville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28101 zip code has the highest median property tax rate of 1.66%, while the same 28101 zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with McAdenville 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 Mc Adenville Tax Rate
1.66%
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 Mc Adenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28101 | 1.57% | 1.62% | 1.66% | 1.72% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Mc Adenville, North Carolina
In MC ADENVILLE, 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. In MC ADENVILLE, 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. Being aware of these valuation processes in MC ADENVILLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4411.00, found in the zip code 28101.
Property Tax Assessment Values Across Mc Adenville, North Carolina
Source: Ownwell
$48,800
$154,335
$259,870
Average Mc Adenville Assessed Value
$259,870
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 Mc Adenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28101 | $53,782 | $142,648 | $259,870 | $292,898 | $316,802 |
Source: Ownwell
Property Tax Bills Across Mc Adenville, North Carolina
In MC ADENVILLE, property tax bills are calculated based on the assessed value of a home, which is determined by the Gaston County tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $259,870, homeowners can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $2,888, while the 75th percentile tax bill rises to approximately $4,822. The highest median tax bill in the area is $4,411, associated with the zip code 28101. Factors considered in determining the tax bill include the property's location, size, and any improvements made. These taxes fund essential public services such as schools, roads, and emergency services. Homeowners in MC ADENVILLE might find their tax bills above the national median property tax rate of 0.99%, impacting their overall housing costs. This financial obligation is an important consideration for current and prospective homeowners in the area.
Average Mc Adenville Tax Bill
$4,411
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 Mc Adenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28101 | $1,097 | $2,888 | $4,411 | $4,822 | $5,268 |
Source: Ownwell