Harris, North Carolina Property Taxes
The median property tax rate in Harris, NC is 0.50%, 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 Harris, the typical annual property tax bill reaches $37, significantly below the national median of $2,690. Property taxes in Harris 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 Harris'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 Harris 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
Harris, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$38
Ownwell’s Harris Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Harris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harris 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 Harris, North Carolina
Property taxes in Harris, North Carolina, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Harris is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Harris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harris 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 Harris's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28074 zip code has the highest median property tax rate of 0.50%, while the 28074 zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Harris 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 Harris Tax Rate
0.50%
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 Harris, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28074 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Harris, North Carolina
In HARRIS, 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 HARRIS, 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. Being aware of these valuation processes in HARRIS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest tax bill is 28139 at $37, while the lowest is 28018, also at $37.
Average Harris Assessed Value
$7,500
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 Harris, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28074 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 |
Source: Ownwell
Property Tax Bills Across Harris, North Carolina
In Harris, located in Rutherford County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor's office and reflects the market value of the property. In Harris, the median home price is notably low at $7,500, which significantly influences the tax bill. Property tax rates in Harris are relatively modest compared to the national median property tax rate of 0.99%. For instance, the tax bill at the 25th, 75th, and 90th percentiles all stand at $37. This uniformity suggests a stable and predictable property tax environment for homeowners. Factors such as property size, location, and improvements can impact the assessed value, thereby affecting the final tax bill. For homeowners, these property taxes are crucial as they fund local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Harris Tax Bill
$37
Average Rutherford County Tax Bill
$516
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Harris, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28074 | $37 | $37 | $37 | $37 | $37 |
Source: Ownwell