Bostic, Rutherford County, North Carolina Property Taxes

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

Median Bostic, NC effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Bostic, NC home value: $120,400
Median annual Bostic, NC tax bill: $465, $1,935 lower than the national median property tax bill of $2,400.

How are property taxes in Rutherford calculated?

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

Last Updated March 1, 2025

Bostic, Rutherford County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.41%

Estimate Property Tax Bill

$494

$458

Ownwell’s Bostic Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bostic with just two data points. By entering your property's estimated assessed value, our calculator applies Bostic’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 Rutherford County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bostic, Rutherford County, North Carolina

Local government entities set tax rates, which can vary widely within a state. The reason for this is that each county estimates its required budget to provide services annually 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. Bostic in Rutherford County, NC, serves as an interesting case study. Here, the effective property tax rate is 0.41%, which is significantly lower than the national median property tax rate of 1.02%. This low rate can be advantageous for property owners in Bostic, providing a more affordable living situation compared to other parts of the country. Additionally, the median property tax bill in Bostic is likely more manageable than the national median of $2400, allowing residents to allocate their financial resources elsewhere. This makes Bostic an attractive option for those looking to minimize their property tax burden while still enjoying the services provided by the local government.

Property Tax Rates Across Bostic, Rutherford County, North Carolina

Source: Ownwell

0.37%

0.49%

0.62%

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 Bostic Tax Rate

0.41%

Median Effective Rutherford County Tax Rate

0.45%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bostic, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28018	0.20%	0.33%	0.41%	0.51%	0.72%

Source: Ownwell

Property Tax Assessment Values Across Bostic, Rutherford County, North Carolina

When examining property taxes in Bostic, 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 Rutherford 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 Rutherford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Bostic.

For example, the median home price in Bostic is $120,400, with tax bills ranging significantly across the county. Zip code 28018 has the highest median home price at $120,400.

Property Tax Assessment Values Across Bostic, Rutherford County, North Carolina

Source: Ownwell

$69,600

$168,900

$268,200

Median Bostic Market Value

$120,400

Median Rutherford County Market Value

$123,100

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bostic, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28018	$35,880	$80,200	$120,400	$164,100	$236,260

Source: Ownwell

Property Tax Bills Across Bostic, Rutherford County, North Carolina

In Bostic, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property, which is influenced by factors such as the home's size, location, and condition. In Rutherford County, the median property tax bill is $465, significantly lower than the national median of $2,400, reflecting the area's lower property values. Homeowners in Bostic may find themselves paying between $316 and $979, depending on their property's assessed value. This variance highlights the importance of accurate assessments, as overvaluation can lead to higher tax bills. Ownwell assists homeowners by providing property tax appeal services, ensuring that assessments are fair and accurate. By leveraging their expertise, homeowners can potentially reduce their tax burden, leading to significant savings. With Ownwell's support, navigating the complexities of property tax assessments becomes more manageable, offering peace of mind and financial relief to homeowners.

Property Tax Bills Across Bostic, Rutherford County, North Carolina

Source: Ownwell

$333

$1,012

$1,690

Median Bostic Tax Bill

$465

Median Rutherford County Tax Bill

$516

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Bostic, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28018	$148	$316	$465	$655	$979

Source: Ownwell