Hurdle Mills, Orange County, North Carolina Property Taxes
The median property tax rate in Hurdle Mills, 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 $259,600 in Hurdle Mills, the typical annual property tax bill reaches $2,132, which is below the national median of $2,690. Property taxes in Hurdle Mills 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 Hurdle Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hurdle Mills or another part of Orange County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurdle Mills, Orange County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$2,492
$2,313
Ownwell’s Hurdle Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurdle Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurdle Mills 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 Hurdle Mills, Orange County, North Carolina
Property taxes in Hurdle Mills, 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 Hurdle Mills is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Hurdle Mills set these rates annually, and they can vary across different neighborhoods. Each year, Hurdle Mills 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 Hurdle Mills' effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27541 zip code has both the highest and lowest median property tax rates in the area, each at 0.96%. Understanding how these areas compare with Hurdle Mills provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurdle Mills Tax Rate
0.96%
Average Orange County Tax Rate
1.31%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hurdle Mills, Orange County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27541 | 0.43% | 0.84% | 0.96% | 0.99% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Hurdle Mills, Orange County, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hurdle Mills, North Carolina. 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 Orange 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 Hurdle Mills, 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 instance, the highest median tax bill in the area is $2,132 in the 27541 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hurdle Mills, Orange County, North Carolina
Source: Ownwell
$121,250
$275,000
$428,750
Average Hurdle Mills Assessed Value
$259,600
Average Orange County Assessed Value
$295,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hurdle Mills, Orange County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27541 | $103,552 | $176,050 | $259,600 | $376,050 | $523,840 |
Source: Ownwell
Property Tax Bills Across Hurdle Mills, Orange County, North Carolina
In Hurdle Mills, property tax bills are calculated based on the assessed value of a home, which is determined by Orange County. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Hurdle Mills, the median home price is $259,600. Property tax bills can vary significantly, with the 25th percentile at $1,441 and the 75th percentile reaching $3,273. The highest median tax bill in the area is $2,132, found in the 27541 zip code. Several factors influence the tax bill, including property size, location, and any applicable exemptions. These taxes fund essential services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, homeowners in Hurdle Mills might find their tax rates relatively moderate, though individual experiences may vary. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Property Tax Bills Across Hurdle Mills, Orange County, North Carolina
Source: Ownwell
$1,191
$3,888
$6,585
Average Hurdle Mills Tax Bill
$2,132
Average Orange County Tax Bill
$3,822
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurdle Mills, Orange County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27541 | $718 | $1,441 | $2,132 | $3,273 | $4,321 |
Source: Ownwell