Kannapolis, North Carolina Property Taxes
The median property tax rate in Kannapolis, NC is 1.21%, 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 Kannapolis at $161,716, the typical annual property tax bill reaches $1,583, which is below the national median of $2,690. Property taxes in Kannapolis are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kannapolis'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 Kannapolis 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
Kannapolis, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,957
Ownwell’s Kannapolis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kannapolis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kannapolis 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 Kannapolis, North Carolina
Property taxes in Kannapolis, 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 Kannapolis is 1.21%, higher than the U.S. national median of 0.99%. Local government entities within Kannapolis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kannapolis 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 Kannapolis's effective property tax rate to other areas in Rowan County and the national median. For comparison, the 28083 zip code has the highest median property tax rate of 1.21%, while the 28081 zip code has the lowest median tax rate of 0.68%. Understanding how these areas compare with Kannapolis provides valuable insights into the varying tax landscape across Rowan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kannapolis Tax Rate
1.21%
Average Rowan County Tax Rate
0.68%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kannapolis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28081 | 0.66% | 0.66% | 0.68% | 1.21% | 1.21% |
| 28083 | 0.65% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Kannapolis, North Carolina
In Kannapolis, 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 Rowan 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 Kannapolis, 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. For instance, the zip code 28083 has the highest median tax bill at $1,747, while the zip code 28081 has the lowest median tax bill at $1,477. Being aware of these valuation processes in Kannapolis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kannapolis, North Carolina
Source: Ownwell
$43,240
$356,407
$669,574
Average Kannapolis Assessed Value
$161,716
Average Rowan County Assessed Value
$187,326
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kannapolis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28081 | $64,036 | $115,607 | $161,570 | $233,381 | $343,914 |
| 28083 | $91,863 | $117,212 | $162,086 | $220,506 | $291,074 |
Source: Ownwell
Property Tax Bills Across Kannapolis, North Carolina
In Kannapolis, property tax bills are calculated based on the assessed value of a home, which is determined by the Rowan County tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Kannapolis stands at $161,716, with tax bills varying significantly across different percentiles. For instance, homeowners at the 25th percentile can expect a tax bill around $1,083, while those at the 75th percentile may see bills as high as $2,260. At the 90th percentile, the tax bill can reach up to $3,224. The highest median tax bill in the city is $1,747 in the 28083 zip code, whereas the lowest is $1,477 in the 28081 zip code. Compared to the national median property tax rate of 0.99%, Kannapolis offers a relatively affordable tax landscape, but the impact on homeowners can still be significant, influencing decisions on homeownership and financial planning.
Average Kannapolis Tax Bill
$1,583
Average Rowan County Tax Bill
$1,628
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kannapolis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28081 | $521 | $975 | $1,477 | $2,135 | $3,538 |
| 28083 | $888 | $1,295 | $1,747 | $2,420 | $3,044 |
Source: Ownwell