Grover, North Carolina Property Taxes
The median property tax rate in Grover, NC is 0.88%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $82,822, the typical annual property tax bill in Grover is $722, which is below the national median of $2,690. Property taxes in Grover are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Grover'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 Grover 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
Grover, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$729
Ownwell’s Grover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grover 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 Grover, North Carolina
Property taxes in Grover, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grover is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Grover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grover 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. Understanding how these cities compare with Grover provides valuable insights into the varying tax landscape across Cleveland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grover Tax Rate
0.88%
Average Cleveland County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28073 | 0.77% | 0.83% | 0.88% | 1.00% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Grover, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grover, 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 Cleveland 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. The zip code with the highest and lowest median tax bill is 28073, with a median tax bill of $722. Being aware of these valuation processes in Grover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grover Assessed Value
$82,822
Average Cleveland County Assessed Value
$100,046
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28073 | $23,579 | $50,954 | $82,822 | $123,484 | $186,458 |
Source: Ownwell
Property Tax Bills Across Grover, North Carolina
In Grover, located in Cleveland 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 determine the annual tax bill. For homeowners in Grover, the median home price is $82,822. The property tax bill can vary significantly; for instance, the 25th percentile tax bill is $439, while the 75th percentile tax bill is $1,074, and the 90th percentile tax bill reaches $1,623. The highest and lowest median tax bills in the area are both $722, indicating a relatively consistent tax rate across different properties. These property taxes are crucial for funding local services such as public schools, infrastructure, and emergency services. For homeowners, understanding these factors can help in budgeting for annual expenses and realizing the impact of property taxes on overall homeownership costs. Compared to the national median property tax rate of 0.99%, Grover's tax rates reflect the local economic conditions and funding needs.
Average Grover Tax Bill
$722
Average Cleveland County Tax Bill
$887
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Grover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28073 | $213 | $439 | $722 | $1,074 | $1,623 |
Source: Ownwell