High Shoals, North Carolina Property Taxes
The median property tax rate in High Shoals, NC is 2.05%, 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 $48,800 in High Shoals, the typical annual property tax bill reaches $1,016, surpassing the national median of $2,690. Property taxes in High Shoals 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 High Shoals' 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 Shoals 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
High Shoals, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$1,000
Ownwell’s High Shoals Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Shoals with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Shoals 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 Shoals, North Carolina
Property taxes in High Shoals, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Shoals is 2.05%, significantly higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within High Shoals set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Shoals 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 Shoals' effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28077 has the highest median property tax rate of 2.05%, while the same zip code also has the lowest median tax rate of 2.05%. Understanding how these cities compare with High Shoals 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 High Shoals Tax Rate
2.05%
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 High Shoals, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28077 | 1.53% | 1.97% | 2.05% | 2.15% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across High Shoals, North Carolina
In High Shoals, 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 High Shoals, 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 High Shoals helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in High Shoals are both $1,016, found in zip code 28077.
Property Tax Assessment Values Across High Shoals, North Carolina
Source: Ownwell
$48,800
$154,335
$259,870
Average High Shoals Assessed Value
$48,800
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 High Shoals, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28077 | $30,174 | $37,970 | $48,800 | $68,220 | $93,782 |
Source: Ownwell
Property Tax Bills Across High Shoals, North Carolina
In High Shoals, 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 tax rate to determine the annual property tax bill. The median home price in High Shoals is $48,800, and the property tax rate is reflective of the local economic conditions. Homeowners in High Shoals can expect a wide range of tax bills. At the 25th percentile, the tax bill is approximately $725, while at the 75th percentile, it can reach up to $1,491. For those at the 90th percentile, the tax bill can be as high as $1,984. The highest and lowest median tax bills in the area are both $1,016, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, the property tax rate in High Shoals may be considered moderate. These tax bills significantly impact homeowners by contributing to the overall cost of owning property, influencing both affordability and long-term financial planning.
Average High Shoals Tax Bill
$1,016
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 High Shoals, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28077 | $591 | $725 | $1,016 | $1,491 | $1,984 |
Source: Ownwell