Hollister, Halifax County, North Carolina Property Taxes
The median property tax rate in Hollister, NC is 1.10%, notably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Hollister at $33,800, the typical annual property tax bill reaches $395, which is significantly lower than the national median of $2,690. Property taxes in Hollister are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hollister'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 Hollister or another part of Halifax County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hollister, Halifax County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$372
$345
Ownwell’s Hollister Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hollister with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hollister 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 Hollister, Halifax County, North Carolina
Property taxes in Hollister, 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 Hollister is 1.10%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Hollister set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hollister 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 Hollister's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27844 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Hollister provides valuable insights into the varying tax landscape across Halifax County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hollister Tax Rate
1.10%
Average Halifax County Tax Rate
1.26%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hollister, Halifax County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | 0.72% | 0.92% | 1.10% | 1.48% | 3.33% |
Source: Ownwell
Property Tax Assessment Values Across Hollister, Halifax County, North Carolina
In Hollister, 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 Halifax 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 Hollister 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 $395.00 in the 27844 zip code, reflecting the local property values and tax rates.
Property Tax Assessment Values Across Hollister, Halifax County, North Carolina
Source: Ownwell
$33,800
$50,600
$67,400
Average Hollister Assessed Value
$33,800
Average Halifax County Assessed Value
$52,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hollister, Halifax County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | $3,600 | $5,800 | $33,800 | $68,350 | $109,680 |
Source: Ownwell
Property Tax Bills Across Hollister, Halifax County, North Carolina
In Hollister, Halifax County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Hollister can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $90, while the 75th percentile tax bill is approximately $766. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The highest median tax bill in the area is $395, which is relatively low compared to the national median property tax rate of 0.99%. This means that even at the higher end, property taxes in Hollister are more affordable than in many other parts of the country. Understanding these factors can help homeowners budget more effectively and potentially seek out exemptions or appeals to lower their tax burden.
Average Hollister Tax Bill
$395
Average Halifax County Tax Bill
$701
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hollister, Halifax County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | $35 | $90 | $395 | $766 | $1,084 |
Source: Ownwell