Mill Spring, Polk County, North Carolina Property Taxes

Name: Property Tax Bills Across Mill Spring, Polk County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mill Spring, NC effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Mill Spring, NC home value: $216,027
Median annual Mill Spring, NC tax bill: $1,319, $1,081 lower than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

Property taxes in Mill Spring, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Mill Spring’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mill Spring, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mill Spring, Polk County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.64%

Estimate Property Tax Bill

$1,383

$1,283

Ownwell’s Mill Spring Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mill Spring with just two data points. By entering your property's estimated assessed value, our calculator applies Mill Spring’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Polk County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mill Spring, Polk County, North Carolina

Local government entities in North Carolina set tax rates, which can vary widely within the state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Mill Spring’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Mill Spring, located in Polk County, has an effective property tax rate of 0.64%, which is significantly lower than the national median of 1.02%. This means that homeowners in Mill Spring enjoy relatively lower property tax bills compared to the national average. The median property tax bill in the U.S. is $2,400, making Mill Spring an attractive option for those looking to minimize property tax expenses.

Property Tax Rates Across Mill Spring, Polk County, North Carolina

Source: Ownwell

0.63%

0.66%

0.69%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mill Spring Tax Rate

0.64%

Median Effective Polk County Tax Rate

0.64%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mill Spring, Polk County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28756	0.64%	0.64%	0.64%	0.64%	0.64%

Source: Ownwell

Property Tax Assessment Values Across Mill Spring, Polk County, North Carolina

When examining property taxes in Mill Spring, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Polk County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Polk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mill Spring. For example, the median home price in Mill Spring is $216,027, with tax bills ranging significantly across the county. Zip code 28756 has the highest median home price at $216,027.

Property Tax Assessment Values Across Mill Spring, Polk County, North Carolina

Source: Ownwell

$182,271

$209,818

$237,364

Median Mill Spring Market Value

$216,027

Median Polk County Market Value

$228,216

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mill Spring, Polk County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28756	$79,650	$126,620	$216,027	$405,400	$643,935

Source: Ownwell

Property Tax Bills Across Mill Spring, Polk County, North Carolina

In Mill Spring, located in Polk County, NC, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, and this rate is set by the local government. Factors such as property size, location, and market conditions can influence the assessed value, impacting the homeowner's tax bill. The median home price in the area is $216,027, which is below the national median, and the median property tax bill aligns at $1,319. This figure is significantly lower than the national median property tax bill of $2,400, offering some relief to homeowners in Mill Spring. However, for those at the 90th percentile, tax bills can reach up to $3,780, which can be burdensome. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing local market trends and individual property details, Ownwell ensures homeowners pay only their fair share, potentially reducing their tax burden significantly.

Property Tax Bills Across Mill Spring, Polk County, North Carolina

Source: Ownwell

$1,183

$1,470

$1,756

Median Mill Spring Tax Bill

$1,319

Median Polk County Tax Bill

$1,542

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Mill Spring, Polk County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28756	$498	$793	$1,319	$2,506	$3,780

Source: Ownwell