Mount Ulla, North Carolina Property Taxes
The median property tax rate in Mount Ulla, NC is 0.67%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Mount Ulla at $300,131, the typical annual property tax bill amounts to $2,011, falling below the national median of $2,690. Property taxes in Mount Ulla are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Mount Ulla's property tax system, exploring the available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mount Ulla or another part of Rowan County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Ulla, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$2,011
Ownwell’s Mount Ulla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Ulla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Ulla 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 Mount Ulla, North Carolina
Property taxes in Mount Ulla, 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 Mount Ulla is 0.67%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Mount Ulla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Ulla 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 Mount Ulla's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28125 has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Mount Ulla provides valuable insights into the varying tax landscape across Rowan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Ulla Tax Rate
0.67%
Average Rowan County Tax Rate
0.68%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Ulla, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28125 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Mount Ulla, North Carolina
In Mount Ulla, 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 Rowan 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 Mount Ulla, 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 Mount Ulla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28125 has the highest and lowest median tax bill, both at $2011, providing a unique perspective on property tax distribution in the area.
Property Tax Assessment Values Across Mount Ulla, North Carolina
Source: Ownwell
$43,240
$356,407
$669,574
Average Mount Ulla Assessed Value
$300,131
Average Rowan County Assessed Value
$187,326
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Ulla, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28125 | $101,842 | $172,753 | $300,131 | $457,630 | $617,753 |
Source: Ownwell
Property Tax Bills Across Mount Ulla, North Carolina
In Mount Ulla, located in Rowan County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and reflects the property's market value. Homeowners in Mount Ulla face a median home price of $300,131. The property tax rate in this area can significantly impact the annual tax bill, which can vary widely among homeowners. For instance, the tax bill at the 25th percentile is approximately $1,158, while those at the 75th percentile can expect to pay around $3,068. At the 90th percentile, the tax bill rises to about $4,142. Interestingly, the highest and lowest median tax bills in the area are both $2,011, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting homeowners by contributing to the overall quality of life in the community.
Average Mount Ulla Tax Bill
$2,011
Average Rowan County Tax Bill
$1,628
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Ulla, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28125 | $682 | $1,158 | $2,011 | $3,068 | $4,142 |
Source: Ownwell