High Point, North Carolina Property Taxes
The median property tax rate in High Point, NC is 1.16%, notably higher than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in High Point at $194,535, the typical annual property tax bill amounts to $1,814, which is below the national median of $2,690. Property taxes in High Point are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding High Point'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 High Point or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
High Point, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$2,257
$2,094
Ownwell’s High Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Point 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 High Point, North Carolina
Property taxes in High Point, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Point is 1.16%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within High Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Point 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 High Point's effective property tax rate to other areas in Davidson County and the national median. For comparison, the 27265 zip code has the highest median property tax rate of 1.16%, while the 27262 zip code has the lowest median tax rate of 0.65%. Understanding how these areas compare with High Point provides valuable insights into the varying tax landscape across Davidson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High Point Tax Rate
1.16%
Average Davidson County Tax Rate
0.65%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27262 | 0.64% | 0.64% | 0.65% | 1.16% | 1.16% |
| 27265 | 0.64% | 0.64% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across High Point, North Carolina
In High Point, 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 Davidson 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. For instance, the highest median tax bill in High Point is $2,639 in the 27262 zip code, while the lowest is $1,778 in the 27265 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across High Point, North Carolina
Source: Ownwell
$75,130
$182,330
$289,530
Average High Point Assessed Value
$194,535
Average Davidson County Assessed Value
$147,820
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27262 | $126,532 | $182,645 | $278,440 | $417,530 | $562,620 |
| 27265 | $102,940 | $143,480 | $179,670 | $262,835 | $495,654 |
Source: Ownwell
Property Tax Bills Across High Point, North Carolina
Property tax bills in High Point, Davidson County, NC, are determined by multiplying the assessed value of a property by the local tax rate. Factors such as the property's market value and any applicable exemptions or deductions also play a role. The median home price in High Point is $194,535, and the property tax rate is influenced by the county's needs and budget. Homeowners in High Point can expect their property tax bills to vary significantly. For instance, the tax bill for the 25th percentile is around $1,193, while those in the 75th percentile see bills close to $2,745. The 90th percentile tax bill can reach up to $4,198. The highest median tax bill in the area is $2,639 in the 27262 ZIP code, whereas the lowest median tax bill is $1,778 in the 27265 ZIP code. Compared to the national median property tax rate of 0.99%, High Point's property taxes impact homeowners differently based on their property's assessed value and location, making it crucial for residents to understand their specific tax obligations.
Average High Point Tax Bill
$1,814
Average Davidson County Tax Bill
$1,125
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across High Point, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27262 | $852 | $1,175 | $2,639 | $4,377 | $5,928 |
| 27265 | $910 | $1,207 | $1,778 | $2,460 | $3,298 |
Source: Ownwell