Harrisburg, North Carolina Property Taxes
The median property tax rate in Harrisburg, NC is 0.30%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Harrisburg at $485,100, the typical annual property tax bill amounts to $1,470, which is substantially below the national median of $2,690. Property taxes in Harrisburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrisburg'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 Harrisburg 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
Harrisburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$1,455
$1,350
Ownwell’s Harrisburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrisburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrisburg 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 Harrisburg, North Carolina
Property taxes in Harrisburg, 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 Harrisburg is 0.85%, which is significantly higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Harrisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisburg 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 Harrisburg's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in the region is 1.2%, while the lowest median tax rate is 0.4%. Understanding how these cities compare with Harrisburg provides valuable insights into the varying tax landscape across Cabarrus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisburg Tax Rate
0.30%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28075 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
Source: Ownwell
Property Tax Assessment Values Across Harrisburg, North Carolina
In Harrisburg, 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 local 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 Harrisburg, 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 Harrisburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Harrisburg is $485,100, with the highest and lowest median tax bills both recorded at $1,470 in zip code 28075.
Property Tax Assessment Values Across Harrisburg, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Harrisburg Assessed Value
$485,100
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28075 | $485,100 | $485,100 | $485,100 | $485,100 | $485,100 |
Source: Ownwell
Property Tax Bills Across Harrisburg, North Carolina
In Harrisburg, North Carolina, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's tax assessor and reflects the market value of the property. Homeowners in Harrisburg can expect a median property tax bill of $1,470, which is notably lower than the national median property tax rate of 0.99%. This rate applies uniformly across the region, with tax bills at the 25th, 75th, and 90th percentiles all being $1,470. Several factors contribute to the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate set by the county. For homeowners, this means that while the assessed value is a significant determinant, local policies and exemptions can also influence the final amount owed. This relatively low and consistent tax rate provides a predictable financial environment for homeowners, making it easier to plan for annual expenses.
Average Harrisburg Tax Bill
$1,470
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28075 | $1,470 | $1,470 | $1,470 | $1,470 | $1,470 |
Source: Ownwell