Rose Hill, North Carolina Property Taxes
The median property tax rate in Rose Hill, NC is 0.92%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Rose Hill at $57,254, the typical annual property tax bill amounts to $509, which is significantly below the national median of $2,690. Property taxes in Rose Hill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rose Hill'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 Rose Hill or another part of Sampson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rose Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$527
Ownwell’s Rose Hill Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rose Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rose Hill 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 Rose Hill, North Carolina
Property taxes in Rose Hill, 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 Rose Hill is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Rose Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rose Hill 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 Rose Hill's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28458 zip code has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Rose Hill provides valuable insights into the varying tax landscape across Sampson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rose Hill Tax Rate
0.92%
Average Sampson County Tax Rate
0.92%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rose Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28458 | 0.81% | 0.92% | 0.92% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Rose Hill, North Carolina
In Rose Hill, 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 Sampson 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 Rose Hill 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 Rose Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rose Hill are both $509, found in the 28458 zip code.
Property Tax Assessment Values Across Rose Hill, North Carolina
Source: Ownwell
$57,254
$195,731
$334,207
Average Rose Hill Assessed Value
$57,254
Average Sampson County Assessed Value
$85,659
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rose Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28458 | $20,950 | $37,913 | $57,254 | $97,104 | $174,943 |
Source: Ownwell
Property Tax Bills Across Rose Hill, North Carolina
In Rose Hill, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For example, with a median home price of $57,254, homeowners can expect their property tax bill to vary significantly. The 25th percentile tax bill is around $319, while the 75th percentile reaches up to $854, and the top 10% of bills can be as high as $1,498. These numbers illustrate how the assessed value and the local tax rate impact the final tax bill. The assessed value is influenced by factors such as property size, location, and market conditions. Given that the national median property tax rate is 0.99%, Rose Hill's tax bills offer a comparative insight into local property tax burdens. Homeowners must consider these factors when budgeting for annual expenses, as property taxes can significantly affect their financial planning. Understanding the components that determine property tax bills can help homeowners anticipate and manage their obligations more effectively.
Average Rose Hill Tax Bill
$509
Average Sampson County Tax Bill
$790
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rose Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28458 | $166 | $319 | $509 | $854 | $1,498 |
Source: Ownwell