Taylorsville, North Carolina Property Taxes
The median property tax rate in Taylorsville, NC is 0.84%, slightly higher than the North Carolina state median of 0.82% but below the national median of 0.99%. With a median home value of $196,785 in Taylorsville, the typical annual property tax bill amounts to $1,681, which is significantly lower than the national median of $2,690. Property taxes in Taylorsville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Taylorsville'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 Taylorsville or another part of Alexander County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Taylorsville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,653
$1,534
Ownwell’s TAYLORSVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TAYLORSVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TAYLORSVILLE 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 Taylorsville, North Carolina
Property taxes in Taylorsville, 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 Taylorsville is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Taylorsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylorsville 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. Understanding how Taylorsville's tax rate compares to other areas within Alexander County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Taylorsville Tax Rate
0.84%
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 Taylorsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28681 | 0.83% | 0.83% | 0.84% | 0.85% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Taylorsville, North Carolina
In Taylorsville, 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 Alexander 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 Taylorsville, 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 Taylorsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 28681, with a median tax bill of $1,681.
Property Tax Assessment Values Across Taylorsville, North Carolina
Source: Ownwell
$155,479
$194,313
$233,146
Average Taylorsville Assessed Value
$196,785
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 Taylorsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28681 | $40,561 | $125,742 | $196,785 | $280,515 | $412,443 |
Source: Ownwell
Property Tax Bills Across Taylorsville, North Carolina
In Taylorsville, located in Alexander County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in Taylorsville is $196,785. Property taxes are determined by multiplying this assessed value by the local tax rate. The tax bill can vary significantly depending on the assessed value and specific circumstances of the property. Factors considered in determining the tax bill include the property's market value, any applicable exemptions, and the local tax rate. For instance, homeowners in the 25th percentile of tax bills pay around $1,074, while those in the 75th percentile face bills of approximately $2,360. At the 90th percentile, tax bills can reach up to $3,420. These property taxes directly impact homeowners by influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, Taylorsville's property tax rates can be seen as moderate, making it a relatively affordable area for property owners.
Average Taylorsville Tax Bill
$1,681
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 Taylorsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28681 | $330 | $1,074 | $1,681 | $2,360 | $3,420 |
Source: Ownwell