Kings Mountain, North Carolina Property Taxes
The median property tax rate in Kings Mountain, NC is 0.40%, 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 Kings Mountain at $8,200, the typical annual property tax bill is just $33, far below the national median of $2,690. Property taxes in Kings Mountain are determined based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural use. Understanding Kings Mountain's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kings Mountain or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kings Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$33
Ownwell’s Kings Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kings Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kings Mountain 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 Kings Mountain, North Carolina
Property taxes in Kings Mountain, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kings Mountain is 0.70%, which is higher than the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Kings Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kings Mountain 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 Kings Mountain'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 county is 0.80%, while the lowest median tax rate is 0.60%. Understanding how these cities compare with Kings Mountain provides valuable insights into the varying tax landscape across Cleveland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kings Mountain Tax Rate
0.40%
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 Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Kings Mountain, North Carolina
In Kings Mountain, 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 Avery 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 Kings Mountain, 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 Kings Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest tax bill is 28086 at $55, while the lowest is 28086 at $19.
Property Tax Assessment Values Across Kings Mountain, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Kings Mountain Assessed Value
$8,200
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 Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | $2,760 | $4,800 | $8,200 | $11,600 | $13,640 |
Source: Ownwell
Property Tax Bills Across Kings Mountain, North Carolina
In Kings Mountain, located in Avery County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Kings Mountain, the median home price is $8,200. The property tax rate in this region is relatively low compared to the national median property tax rate of 0.99%. At the 25th percentile, homeowners can expect a tax bill of around $19, while at the 75th percentile, the tax bill increases to about $46. The 90th percentile sees tax bills reaching approximately $55. These property tax rates significantly affect homeowners, as lower tax bills can make homeownership more affordable and appealing. Understanding the factors that contribute to property tax calculations can help homeowners better anticipate their annual expenses and manage their budgets accordingly.
Average Kings Mountain Tax Bill
$33
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kings Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28086 | $11 | $19 | $33 | $46 | $55 |
Source: Ownwell