Hildebran, North Carolina Property Taxes
The median property tax rate in Hildebran, NC is 0.89%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Hildebran at $137,978, the typical annual property tax bill amounts to $1,161, which is lower than the national median of $2,690. Property taxes in Hildebran are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Navigating Hildebran's property tax system and exploring available exemptions can lead to substantial savings on annual tax bills. Whether you're in the heart of Hildebran or another part of Burke County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Hildebran, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,228
-$12,869
Ownwell’s Hildebran Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hildebran with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hildebran 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 Hildebran, North Carolina
Property taxes in Hildebran, 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 Hildebran is 0.89%, which is slightly below the U.S. national median of 0.99%. Local government entities within Hildebran set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hildebran 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 Hildebran's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28637 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Hildebran provides valuable insights into the varying tax landscape across Burke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hildebran Tax Rate
0.89%
Average Burke County Tax Rate
0.72%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hildebran, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28637 | 0.78% | 0.87% | 0.89% | 0.92% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Hildebran, North Carolina
In Hildebran, 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 Burke 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 Hildebran, 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 Hildebran helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $137,978, with the highest median tax bill in zip code 28637 being $1,161.
Property Tax Assessment Values Across Hildebran, North Carolina
Source: Ownwell
$33,106
$242,016
$450,926
Average Hildebran Assessed Value
$137,978
Average Burke County Assessed Value
$144,639
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hildebran, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28637 | $56,436 | $93,502 | $137,978 | $181,925 | $223,721 |
Source: Ownwell
Property Tax Bills Across Hildebran, North Carolina
In Hildebran, Burke County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The tax rate is applied to the assessed value to determine the annual tax bill. For example, with a median home price of $137,978, homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. The 25th percentile tax bill is around $788, while the 75th percentile tax bill reaches $1,591, and the 90th percentile tax bill can go up to $1,936. These figures illustrate the range of tax burdens homeowners might face. Given that the national median property tax rate is 0.99%, the local rates in Hildebran reflect a significant aspect of homeownership costs. Understanding these factors helps homeowners budget effectively and anticipate their annual property tax obligations.
Average Hildebran Tax Bill
$1,161
Average Burke County Tax Bill
$1,021
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hildebran, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28637 | $492 | $788 | $1,161 | $1,591 | $1,936 |
Source: Ownwell