Hildebran, North Carolina Property Taxes
The median property tax rate in Hildebran, NC is 0.47%, 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 Hildebran at $274,600, the typical annual property tax bill amounts to $1,082, which is well below the national median of $2,690. Property taxes in Hildebran are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hildebran'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 Hildebran or another part of Catawba County, grasping the local property tax system will benefit 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
0.47%
Estimate Property Tax Bill
$1,291
$1,198
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 0.47%, which is lower than both the North Carolina state median of 0.70% and 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 highest and lowest median property tax rates in Hildebran are both 0.47%, illustrating a consistent tax landscape within the area. Understanding how these rates compare with Hildebran provides valuable insights into the varying tax landscape across Catawba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hildebran Tax Rate
0.47%
Average Catawba County Tax Rate
0.80%
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 | 0.41% | 0.43% | 0.47% | 0.47% | 0.47% |
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 Catawba 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. 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 zip code 28637 has both the highest and lowest median tax bill, which is $1082.
Property Tax Assessment Values Across Hildebran, North Carolina
Source: Ownwell
$39,100
$178,200
$317,300
Average Hildebran Assessed Value
$274,600
Average Catawba County Assessed Value
$180,000
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 | $222,040 | $241,750 | $274,600 | $337,200 | $374,760 |
Source: Ownwell
Property Tax Bills Across Hildebran, North Carolina
In Hildebran, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. In Catawba County, where Hildebran is located, the median home price stands at $274,600. Homeowners in this area can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is around $1,036, while the 75th percentile tax bill reaches approximately $1,488, and the 90th percentile tax bill can go up to $1,732. These tax bills are influenced by several factors, including the market value of the property, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the property tax rates in Hildebran can have a notable impact on homeowners' annual expenses. Understanding these elements helps homeowners budget accordingly and anticipate their annual financial obligations.
Average Hildebran Tax Bill
$1,082
Average Catawba County Tax Bill
$1,310
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 | $1,008 | $1,036 | $1,082 | $1,488 | $1,732 |
Source: Ownwell