Huntersville, North Carolina Property Taxes
The median property tax rate in Huntersville, NC is 0.81%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Huntersville at $267,700, the typical annual property tax bill reaches $2,532, which is below the national median of $2,690. Property taxes in Huntersville 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 Huntersville'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 Huntersville 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
Huntersville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,168
-$22,725
Ownwell’s Huntersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntersville 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 Huntersville, North Carolina
Property taxes in Huntersville, North Carolina, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntersville is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Huntersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntersville 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 Huntersville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28078 zip code has the highest median property tax rate of 0.81%, while the same 28078 zip code also has the lowest median tax rate of 0.81%. Understanding how these areas compare with Huntersville 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 Huntersville Tax Rate
0.81%
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 Huntersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28078 | 0.79% | 0.81% | 0.81% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Huntersville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Huntersville, NC. 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 Huntersville, 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. For instance, the median home price is $267,700, with tax bills varying significantly. The 25th percentile tax bill is $1,774, while the 75th percentile tax bill reaches $3,597. The highest median tax bill is $2,532 in the 28078 zip code, which also has the lowest median tax bill of $2,532. 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 the tax burden.
Property Tax Assessment Values Across Huntersville, North Carolina
Source: Ownwell
$48,000
$176,535
$305,070
Average Huntersville Assessed Value
$267,700
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 Huntersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28078 | $75,000 | $215,565 | $267,700 | $351,440 | $434,970 |
Source: Ownwell
Property Tax Bills Across Huntersville, North Carolina
In Huntersville, located in Cabarrus County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For instance, with a median home price of $267,700, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Several factors influence the tax bill, including the property's market value, local tax rates, and any applicable exemptions. Homeowners in Huntersville experience a range of tax bills, with the 25th percentile at $1,774 and the 75th percentile at $3,597. The highest median tax bill in the area is $2,532, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting homeowners by contributing to the quality of community resources and overall living standards.
Average Huntersville Tax Bill
$2,532
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 Huntersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28078 | $915 | $1,774 | $2,532 | $3,597 | $4,499 |
Source: Ownwell