Hurdle Mills, North Carolina Property Taxes
The median property tax rate in Hurdle Mills, NC is 0.81%, slightly below both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $302,742 in Hurdle Mills, the typical annual property tax bill amounts to $2,292, which is lower than the national median of $2,690. Property taxes in Hurdle Mills are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hurdle Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hurdle Mills or another part of Caswell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurdle Mills, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,452
$2,276
Ownwell’s Hurdle Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurdle Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurdle Mills 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 Hurdle Mills, North Carolina
Property taxes in Hurdle Mills, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurdle Mills is 0.81%, lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Hurdle Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurdle Mills 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 Hurdle Mills' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27541 zip code has the median property tax rate of 0.81%. Understanding how these cities compare with Hurdle Mills provides valuable insights into the varying tax landscape across Caswell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurdle Mills Tax Rate
0.81%
Average Caswell County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hurdle Mills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27541 | 0.77% | 0.78% | 0.81% | 0.83% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Hurdle Mills, North Carolina
In Hurdle Mills, 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 Caswell 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 Hurdle Mills, 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 Hurdle Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,292, found in the 27541 zip code.
Property Tax Assessment Values Across Hurdle Mills, North Carolina
Source: Ownwell
$73,037
$187,890
$302,742
Average Hurdle Mills Assessed Value
$302,742
Average Caswell County Assessed Value
$93,808
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hurdle Mills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27541 | $224,087 | $238,872 | $302,742 | $389,207 | $489,674 |
Source: Ownwell
Property Tax Bills Across Hurdle Mills, North Carolina
In Hurdle Mills, Caswell County, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is often a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in Hurdle Mills typically see tax bills that vary depending on the assessed value and the local tax rate. For example, the tax bill at the 25th percentile is around $1,905, while at the 75th percentile, it reaches approximately $2,617. These tax bills can significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. The highest median tax bill in the area is $2,292, which is relatively moderate compared to the national median property tax rate of 0.99%. Understanding how these taxes are calculated helps homeowners plan their finances and anticipate yearly obligations, ensuring they remain compliant with local tax laws.
Average Hurdle Mills Tax Bill
$2,292
Average Caswell County Tax Bill
$799
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurdle Mills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27541 | $1,775 | $1,905 | $2,292 | $2,617 | $3,544 |
Source: Ownwell