Alexander County Property Taxes
The median property tax rate in Alexander County is 0.84%, which is slightly higher than the North Carolina state median of 0.82% but lower than the national median of 0.99%. With a median home value of $195,568, the typical annual property tax bill in Alexander County is $1,652, significantly below the national median of $2,690. Property taxes in Alexander County are based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Alexander County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Taylorsville or another part of Alexander County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alexander County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,643
$1,524
Ownwell’s Alexander County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alexander County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Alexander County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property's assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Alexander County, North Carolina
Property taxes in Alexander County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Alexander County is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Alexander County set these rates annually, and they can vary significantly between different areas within the county. Each year, Alexander County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Alexander County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Moravian Falls has one of the higher property tax rates in North Carolina at 0.86%, while the city of Hickory boasts one of the lowest at 0.83%. Analyzing how Alexander County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Alexander County Tax Rate
0.84%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexander County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Granite Falls | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
| Hickory | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
| Hiddenite | 0.65% | 0.84% | 0.84% | 0.84% | 0.86% |
| Moravian Falls | 0.43% | 0.86% | 0.86% | 0.87% | 0.87% |
| Statesville | 0.71% | 0.84% | 0.84% | 0.84% | 0.86% |
| Stony Point | 0.84% | 0.86% | 0.86% | 0.86% | 0.86% |
| Taylorsville | 0.83% | 0.83% | 0.84% | 0.85% | 0.87% |
| Union Grove | 0.45% | 0.72% | 0.86% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Alexander County, North Carolina
In Alexander County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Alexander County Appraisal District. The assessed value, however, 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 Alexander County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Alexander County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Alexander County, the median home price is $195,568. Hickory has the highest median tax bill at $1,872, while Statesville has the lowest at $1,144. Understanding these differences can help property owners make informed decisions about their investments and tax obligations.
Property Tax Assessment Values Across Alexander County, North Carolina
Source: Ownwell
$155,479
$194,313
$233,146
Average Alexander County Assessed Value
$195,568
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexander County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Granite Falls | $107,729 | $154,832 | $191,424 | $257,446 | $396,206 |
| Hickory | $132,874 | $172,268 | $225,652 | $388,933 | $598,442 |
| Hiddenite | $30,494 | $113,636 | $179,396 | $268,020 | $370,084 |
| Moravian Falls | $50,840 | $151,879 | $212,822 | $276,956 | $426,786 |
| Statesville | $18,018 | $42,596 | $155,479 | $230,989 | $250,518 |
| Stony Point | $61,869 | $114,778 | $173,516 | $242,311 | $338,951 |
| Taylorsville | $40,561 | $125,742 | $196,785 | $280,515 | $412,443 |
| Union Grove | $118,875 | $148,003 | $233,146 | $324,608 | $432,116 |
Source: Ownwell
Property Tax Bills Across Alexander County, North Carolina
In Alexander County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county 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 $195,568, homeowners can expect varying tax bills depending on their home's assessed value and applicable exemptions. Homeowners in Alexander County typically see tax bills ranging from $1,074 at the 25th percentile to $2,331 at the 75th percentile. At the higher end, the 90th percentile tax bill reaches $3,474. Comparatively, the highest median tax bill in the region is $1,872 in Hickory, while the lowest is $1,144 in Statesville. These figures illustrate the range of property tax obligations that homeowners might face, which can significantly impact their annual financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively and anticipate changes in their property tax liabilities.
Average Alexander County Tax Bill
$1,652
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexander County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Granite Falls | $897 | $1,290 | $1,595 | $2,145 | $3,300 |
| Hickory | $1,107 | $1,433 | $1,872 | $3,201 | $4,985 |
| Hiddenite | $234 | $921 | $1,443 | $2,085 | $2,850 |
| Moravian Falls | $242 | $1,085 | $1,742 | $2,239 | $2,712 |
| Statesville | $152 | $360 | $1,144 | $1,744 | $2,114 |
| Stony Point | $366 | $934 | $1,468 | $2,003 | $2,732 |
| Taylorsville | $330 | $1,074 | $1,681 | $2,360 | $3,420 |
| Union Grove | $1,020 | $1,280 | $1,632 | $2,302 | $3,035 |
Source: Ownwell