Kingstown, North Carolina Property Taxes
The median property tax rate in Kingstown, NC is 1.32%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Kingstown at $55,703, the typical annual property tax bill reaches $698, exceeding the national median of $2,690. Property taxes in Kingstown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kingstown'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 Kingstown or another part of Cleveland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kingstown, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$735
$682
Ownwell’s Kingstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingstown 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 Kingstown, North Carolina
Property taxes in Kingstown, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingstown is 1.32%, significantly higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Kingstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingstown 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 Kingstown's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28150 zip code has both the highest and lowest median property tax rate of 1.32%. Understanding how these cities compare with Kingstown 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 Kingstown Tax Rate
1.32%
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 Kingstown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28150 | 0.67% | 1.28% | 1.32% | 1.33% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Kingstown, North Carolina
In Kingstown, 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 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. In Kingstown, 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 Kingstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 28150, with a median of $698, while the lowest median tax bill is also $698 in the same zip code.
Property Tax Assessment Values Across Kingstown, North Carolina
Source: Ownwell
$55,703
$127,552
$199,401
Average Kingstown Assessed Value
$55,703
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 Kingstown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28150 | $33,555 | $47,102 | $55,703 | $68,941 | $109,369 |
Source: Ownwell
Property Tax Bills Across Kingstown, North Carolina
In Kingstown, Cleveland County, NC, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Kingstown is $55,703. To calculate the property tax bill, the assessed value is multiplied by the property tax rate set by local authorities. This ensures that the tax burden is distributed fairly based on property values. Homeowners in Kingstown typically see tax bills ranging from $521 at the 25th percentile to $844 at the 75th percentile, with the 90th percentile reaching up to $1,233. These figures reflect the varying property values and the impact of local tax rates. For comparison, the national median property tax rate is 0.99%, making Kingstown's property taxes relatively moderate. Understanding how property tax bills are calculated helps homeowners anticipate their annual expenses. Accurate assessments and fair tax rates ensure that the financial responsibilities are equitably shared among residents, contributing to community services and infrastructure.
Average Kingstown Tax Bill
$698
Average Cleveland County Tax Bill
$887
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingstown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28150 | $308 | $521 | $698 | $844 | $1,233 |
Source: Ownwell