Henderson, North Carolina Property Taxes
The median property tax rate in Henderson, NC is 0.96%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $96,210 in Henderson, the typical annual property tax bill amounts to $853, which is significantly less than the national median of $2,690. Property taxes in Henderson are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Henderson's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Henderson or any other part of the city, gaining insight into the local property tax structure is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Henderson, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$924
-$9,679
Ownwell’s Henderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson 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 Henderson, North Carolina
Property taxes in Henderson, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henderson is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Henderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henderson 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 Henderson's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27537 zip code has the highest median property tax rate of 0.96%, while the 27536 zip code has the lowest median tax rate of 0.50%. Understanding how these cities compare with Henderson provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henderson Tax Rate
0.96%
Average Franklin County Tax Rate
0.94%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27536 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| 27537 | 0.46% | 0.88% | 0.96% | 1.01% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, North Carolina
In Henderson, 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 Franklin 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. Being aware of these valuation processes in Henderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $899 in zip code 27536, while the lowest is $853 in zip code 27537.
Property Tax Assessment Values Across Henderson, North Carolina
Source: Ownwell
$7,500
$126,575
$245,650
Average Henderson Assessed Value
$96,210
Average Franklin County Assessed Value
$157,340
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27536 | $180,365 | $180,365 | $180,365 | $180,365 | $180,365 |
| 27537 | $21,985 | $63,718 | $96,155 | $144,281 | $220,588 |
Source: Ownwell
Property Tax Bills Across Henderson, North Carolina
In Henderson, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $96,210, homeowners can expect varied tax bills depending on their property's assessed value and specific location within the city. The tax bill ranges from $554 at the 25th percentile to $1,675 at the 90th percentile, with the highest median tax bill recorded at $899 in zip code 27536 and the lowest at $853 in zip code 27537. Factors such as property size, location, and any applicable exemptions can influence the final tax amount. These property taxes are essential for funding local services such as schools, emergency services, and infrastructure. Homeowners in Henderson should be aware of these factors as they significantly impact their annual financial planning and the overall cost of homeownership in the area.
Average Henderson Tax Bill
$853
Average Franklin County Tax Bill
$1,492
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27536 | $899 | $899 | $899 | $899 | $899 |
| 27537 | $197 | $554 | $853 | $1,266 | $1,676 |
Source: Ownwell