Gastonia, North Carolina Property Taxes
The median property tax rate in Gastonia, NC is 1.75%, 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 Gastonia at $124,315, the typical annual property tax bill reaches $2,036, which is still below the national median of $2,690. Property taxes in Gastonia are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gastonia'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 Gastonia 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
Gastonia, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$2,176
$2,019
Ownwell’s Gastonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gastonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gastonia 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 Gastonia, North Carolina
Property taxes in Gastonia, 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 Gastonia is 1.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gastonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gastonia 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 Gastonia's effective property tax rate to other areas in Gaston County and the national median. For comparison, the 28054 zip code has the highest median property tax rate of 1.91%, while the 28056 zip code has the lowest median tax rate of 1.54%. Understanding how these areas compare with Gastonia 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 Gastonia Tax Rate
1.75%
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 Gastonia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28052 | 1.04% | 1.32% | 1.86% | 2.34% | 2.86% |
| 28053 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
| 28054 | 1.29% | 1.67% | 1.91% | 2.10% | 2.40% |
| 28056 | 1.00% | 1.21% | 1.54% | 1.80% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Gastonia, North Carolina
In Gastonia, 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 Gastonia, 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 example, the highest median tax bill in the area is $4,854 in zip code 28053, while the lowest median tax bill is $1,474 in zip code 28052. 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 Gastonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Gastonia, North Carolina
Source: Ownwell
$48,800
$154,335
$259,870
Average Gastonia Assessed Value
$124,315
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 Gastonia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28052 | $31,662 | $49,870 | $82,000 | $128,530 | $168,954 |
| 28053 | $257,970 | $257,970 | $257,970 | $257,970 | $257,970 |
| 28054 | $51,269 | $77,025 | $130,740 | $177,542 | $222,541 |
| 28056 | $55,194 | $110,292 | $165,465 | $246,410 | $319,236 |
Source: Ownwell
Property Tax Bills Across Gastonia, North Carolina
In Gastonia, Gaston County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Gastonia is $124,315. Homeowners in Gastonia can expect their property tax bills to vary. At the 25th percentile, tax bills are around $1,261, while at the 75th percentile, they can reach $3,319. The 90th percentile sees tax bills as high as $4,422. The highest median tax bill in the area is $4,854, found in zip code 28053, whereas the lowest median tax bill is $1,474 in zip code 28052. Compared to the national median property tax rate of 0.99%, Gastonia's rates can significantly impact homeowners, making it essential to understand these factors when budgeting for property expenses.
Average Gastonia Tax Bill
$2,036
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 Gastonia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28052 | $668 | $981 | $1,474 | $2,184 | $3,020 |
| 28053 | $4,854 | $4,854 | $4,854 | $4,854 | $4,854 |
| 28054 | $994 | $1,480 | $2,472 | $3,378 | $4,191 |
| 28056 | $878 | $1,558 | $2,838 | $4,143 | $5,199 |
Source: Ownwell