Clover, North Carolina Property Taxes
The median property tax rate in Clover, NC is 1.35%, significantly higher than both the national median of 0.99% and North Carolina's state median of 0.82%. With a median home value of $70,795 in Clover, the typical annual property tax bill amounts to $1,096, surpassing the national median of $2,690. Property taxes in Clover 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 Clover's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clover or another part of Gaston County, grasping the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Clover, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$956
$887
Ownwell’s Clover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clover 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 Clover, North Carolina
Property taxes in Clover, North Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clover is 0.96%, slightly lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Clover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clover 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 Clover's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28012 has the highest median property tax rate of 1.21%, while the zip code 28034 has the lowest median tax rate of 0.61%. Understanding how these cities compare with Clover provides valuable insights into the varying tax landscape across Gaston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clover Tax Rate
1.35%
Average Gaston County Tax Rate
1.65%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29710 | 1.16% | 1.23% | 1.35% | 1.47% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Clover, North Carolina
In Clover, 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 Gaston 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 Clover, 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 Clover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clover is $70,795, with the highest and lowest median tax bills both being $1,096 in the 29710 zip code.
Average Clover Assessed Value
$70,795
Average Gaston County Assessed Value
$132,190
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29710 | $22,583 | $40,662 | $70,795 | $100,928 | $119,007 |
Source: Ownwell
Property Tax Bills Across Clover, North Carolina
In Clover, Gaston County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Clover is $70,795. Homeowners can expect their property tax bill to vary significantly depending on their home's assessed value and the local tax rate. For instance, tax bills in Clover range from the 25th percentile at $607 to the 90th percentile at $1,880. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property location, improvements, and market conditions can influence the assessed value. The highest median tax bill in Clover is $1,096, which is notably higher than the national median property tax rate of 0.99%. This variation in tax bills can have a significant impact on homeowners, affecting their annual budgeting and long-term financial planning. Understanding these factors can help homeowners anticipate their property tax obligations more accurately.
Average Clover Tax Bill
$1,096
Average Gaston County Tax Bill
$2,130
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Clover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29710 | $313 | $607 | $1,096 | $1,586 | $1,880 |
Source: Ownwell