Harrisburg, North Carolina Property Taxes
The median property tax rate in Harrisburg, NC is 1.17%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Harrisburg, the typical annual property tax bill reaches $3,193, exceeding the national median of $2,690. Property taxes in Harrisburg are calculated based on the tax assessed value, which typically 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
1.17%
Estimate Property Tax Bill
$3,340
Ownwell’s Harrisburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating 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 1.17%, higher than both the North Carolina state median 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 28075 zip code has the highest median property tax rate of 1.17%, while the 28075 zip code also has the lowest median tax rate of 1.17%. 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
1.17%
Average Cabarrus County Tax Rate
1.22%
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 | 0.89% | 1.08% | 1.17% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Harrisburg, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harrisburg, North Carolina. 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 Cabarrus 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 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. The median home price here is $285,445, with tax bills ranging from $2,258 at the 25th percentile to $5,151 at the 90th percentile. The highest median tax bill is $3,193 in the 28075 zip code, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Harrisburg, North Carolina
Source: Ownwell
$48,000
$176,535
$305,070
Average Harrisburg Assessed Value
$285,445
Average Cabarrus County Assessed Value
$192,000
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 | $127,795 | $208,450 | $285,445 | $378,172 | $458,555 |
Source: Ownwell
Property Tax Bills Across Harrisburg, North Carolina
In Harrisburg, NC, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county and is typically a percentage of the market value of the property. Homeowners in Harrisburg can expect their tax bills to vary significantly based on the value of their homes. For instance, the 25th percentile tax bill is around $2,258, while those in the 75th percentile pay approximately $4,273. The 90th percentile sees even higher bills, reaching up to $5,151. Compared to the national median property tax rate of 0.99%, Harrisburg homeowners experience a range of tax burdens. The highest median tax bill in the area is $3,193, which is consistent across the zip code 28075. These tax bills impact homeowners by influencing their overall housing costs and can affect decisions related to buying or selling property. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Harrisburg Tax Bill
$3,193
Average Cabarrus County Tax Bill
$2,115
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 | $1,489 | $2,258 | $3,193 | $4,273 | $5,151 |
Source: Ownwell