Holly Springs, Chatham County, North Carolina Property Taxes

Name: Property Tax Bills Across Holly Springs, Chatham County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median HOLLY SPRINGS, NC effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but equal to the North Carolina state median of 0.82%.
Median HOLLY SPRINGS, NC home value: $146,265
Median annual HOLLY SPRINGS, NC tax bill: $1,203, $1,197 lower than the national median property tax bill of $2,400.

How are property taxes in Chatham County calculated?

Property taxes in HOLLY SPRINGS, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding HOLLY SPRINGS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HOLLY SPRINGS, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Holly Springs, Chatham County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$1,199

$1,113

Ownwell’s HOLLY SPRINGS Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in HOLLY SPRINGS with just two data points. By entering your property's estimated assessed value, our calculator applies HOLLY SPRINGS’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chatham. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Holly Springs, Chatham County, North Carolina

Local government entities determine property tax rates, which can vary significantly within a state. Each county, including Chatham, calculates its annual budget needs to provide essential services and then divides this by the total value of all taxable properties within its jurisdiction. This process establishes the property tax rate for the area. While voting and legislation play a role in setting these rates, this is the core of how they are determined annually. In Holly Springs, located in Chatham County, the effective property tax rate offers a point of comparison with other cities across North Carolina and the broader national landscape. With a median property tax rate of 0.82%, North Carolina presents a favorable contrast to the national median property tax rate of 1.02%. This lower rate can result in significant savings for property owners in Holly Springs compared to other regions in the country. Understanding these nuances in property tax rates can be crucial for homeowners looking to optimize their tax liabilities and ensure they are not overpaying.

Property Tax Rates Across Holly Springs, Chatham County, North Carolina

Source: Ownwell

0.81%

0.92%

1.03%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Holly Springs Tax Rate

0.82%

Median Effective Chatham County Tax Rate

0.85%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Holly Springs, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27540	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Holly Springs, Chatham County, North Carolina

When examining property taxes in Holly Springs, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chatham County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Chatham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Holly Springs. For example, the median home price in Holly Springs is $146,265, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Holly Springs, Chatham County, North Carolina

Source: Ownwell

$108,164

$413,964

$719,763

Median Holly Springs Market Value

$146,265

Median Chatham County Market Value

$323,510

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Holly Springs, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27540	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Holly Springs, Chatham County, North Carolina

In Holly Springs, North Carolina, property tax bills are calculated based on the assessed value of a home, which is determined by the Chatham County tax assessor. The county's property tax rate is applied to this assessed value to determine the tax bill. With a median home price of $146,265, the property tax rate in Holly Springs results in a median tax bill of approximately $1,203. This figure is significantly lower than the national median property tax bill of $2,400, offering a more affordable tax burden for homeowners in the area. However, even with a lower tax rate, homeowners can still benefit from ensuring their property is not over-assessed, which could lead to higher tax bills. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners in Holly Springs potentially reduce their tax obligations. Our team reviews assessments for accuracy, identifies potential savings, and guides homeowners through the appeal process, ensuring they pay only their fair share of property taxes.

Property Tax Bills Across Holly Springs, Chatham County, North Carolina

Source: Ownwell

$973

$3,310

$5,647

Median Holly Springs Tax Bill

$1,203

Median Chatham County Tax Bill

$2,675

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Holly Springs, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27540	N/A	N/A	N/A	N/A	N/A

Source: Ownwell