Rose Hill, North Carolina Property Taxes
The median property tax rate in Rose Hill, NC is 1.12%, 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 Rose Hill at $65,700, the typical annual property tax bill reaches $775, which is lower than the national median of $2,690. Property taxes in Rose Hill 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 Rose Hill'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 Rose Hill 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
Rose Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$736
$683
Ownwell’s Rose Hill Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rose Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rose Hill to estimate your property tax bill. This insightful tool provides a clear understanding of potential tax liabilities. If you’re interested in observing trends at a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Duplin County for property tax calculations, taking into account any exemptions that may apply.
Property Tax Rates Across Rose Hill, North Carolina
Property taxes in Rose Hill, North Carolina, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Rose Hill is 1.12%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Rose Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rose Hill 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 Rose Hill's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28458 zip code has the highest median property tax rate of 1.12%, while the same 28458 zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Rose Hill provides valuable insights into the varying tax landscape across Duplin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rose Hill Tax Rate
1.12%
Average Duplin County Tax Rate
0.96%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rose Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28458 | 0.80% | 0.90% | 1.12% | 1.49% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Rose Hill, North Carolina
In Rose Hill, 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 Duplin 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 Rose Hill, 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. The median home price in Rose Hill is $65,700, with tax bills ranging from $483 at the 25th percentile to $1,884 at the 90th percentile. Interestingly, the zip code 28458 has both the highest and lowest median tax bill, which stands at $775. 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 Rose Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rose Hill Assessed Value
$65,700
Average Duplin County Assessed Value
$70,400
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rose Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28458 | $17,100 | $36,800 | $65,700 | $100,750 | $155,200 |
Source: Ownwell
Property Tax Bills Across Rose Hill, North Carolina
Property tax bills in Rose Hill, Duplin County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $65,700, the property tax bill can vary significantly. The tax bill for the 25th percentile is around $483, while it rises to $1,202 for the 75th percentile and can reach up to $1,884 for the 90th percentile. Factors such as property size, location, and any applicable exemptions or deductions also play a role in determining the final tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Rose Hill may find their tax rates relatively manageable. However, these taxes can still have a significant impact on household budgets, making it crucial for homeowners to understand how their tax bills are calculated and what factors influence them.
Average Rose Hill Tax Bill
$775
Average Duplin County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rose Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28458 | $288 | $483 | $775 | $1,202 | $1,884 |
Source: Ownwell