Caroleen, North Carolina Property Taxes
The median property tax rate in Caroleen, NC is 0.62%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Caroleen, the typical annual property tax bill reaches $182, significantly below the national median of $2,690. Property taxes in Caroleen are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Caroleen'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 Caroleen or another part of Rutherford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caroleen, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$156
Ownwell’s Caroleen Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick way to estimate annual property taxes in Caroleen with just two data points. Simply enter your property's estimated assessed value, and the calculator will apply the median tax rate in Caroleen to provide an estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities. For those looking to understand trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Rutherford County for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Caroleen, North Carolina
Property taxes in Caroleen, 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 Caroleen is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Caroleen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caroleen 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 Caroleen's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28019 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Caroleen provides valuable insights into the varying tax landscape across Rutherford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caroleen Tax Rate
0.62%
Average Rutherford County Tax Rate
0.45%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caroleen, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28019 | 0.44% | 0.51% | 0.62% | 0.67% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Caroleen, North Carolina
In Caroleen, 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 Rutherford 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 Caroleen, 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. The median home price in Caroleen is $25,200, with property tax bills varying widely. For instance, the 25th percentile tax bill is $149, while the 75th percentile tax bill is $338. The highest and lowest median tax bills are both $182 in the 28019 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Caroleen Assessed Value
$25,200
Average Rutherford County Assessed Value
$123,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caroleen, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28019 | $19,920 | $21,900 | $25,200 | $74,950 | $104,800 |
Source: Ownwell
Property Tax Bills Across Caroleen, North Carolina
In Caroleen, property tax bills are calculated based on the assessed value of a home, which is determined by the Rutherford County tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Caroleen, the median home price is $25,200. Given the local tax rate, the 25th percentile tax bill is $149, while the 75th percentile tax bill is $338, and the 90th percentile tax bill reaches $431. These tax bills are influenced by factors such as property size, location, and any applicable exemptions. Homeowners in Caroleen can expect their property taxes to be relatively low compared to the national median property tax rate of 0.99%. The consistency in median tax bills across the zip code 28019, both highest and lowest at $182, reflects a stable tax environment. This stability can be beneficial for homeowners, providing predictable annual expenses and potentially influencing property values in the area.
Average Caroleen Tax Bill
$182
Average Rutherford County Tax Bill
$516
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Caroleen, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28019 | $129 | $149 | $182 | $338 | $431 |
Source: Ownwell