Henderson, North Carolina Property Taxes
The median property tax rate in HENDERSON, NC is 1.19%, 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 HENDERSON at $61,392, the typical annual property tax bill reaches $754, which is lower than the national median of $2,690. Property taxes in HENDERSON 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 HENDERSON'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 HENDERSON 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
Henderson, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$731
$678
Ownwell’s Henderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson 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 Henderson, North Carolina
Property taxes in Henderson, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henderson is 1.19%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Henderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henderson 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 Henderson's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27536 zip code has the highest median property tax rate of 1.76%, while the 27537 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Henderson provides valuable insights into the varying tax landscape across Vance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henderson Tax Rate
1.19%
Average Vance County Tax Rate
1.16%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27536 | 1.02% | 1.64% | 1.76% | 2.03% | 2.47% |
| 27537 | 0.82% | 0.98% | 1.07% | 1.18% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, North Carolina
In Henderson, 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 Vance 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 Henderson, 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. For instance, the highest median tax bill is $802 in zip code 27537, while the lowest is $672 in zip code 27536. 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 Henderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Henderson, North Carolina
Source: Ownwell
$40,378
$70,216
$100,054
Average Henderson Assessed Value
$61,392
Average Vance County Assessed Value
$63,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27536 | $11,472 | $20,969 | $40,378 | $76,867 | $138,665 |
| 27537 | $26,694 | $49,974 | $75,370 | $136,232 | $205,822 |
Source: Ownwell
Property Tax Bills Across Henderson, North Carolina
In Henderson, located in Vance County, NC, property tax bills are determined based on the assessed value of a property, which is distinct from its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in Henderson, various factors such as property size, location, and improvements can influence the assessed value. The median home price in Henderson is $61,392, with property tax bills varying significantly across different percentiles. At the 25th percentile, homeowners can expect a tax bill of around $465, while those at the 75th percentile might see a bill closer to $1,323. The highest median tax bill recorded in the area is $802 in the 27537 zip code, whereas the lowest is $672 in the 27536 zip code. Given the national median property tax rate of 0.99%, Henderson's property tax rates offer a comparative perspective on how local taxation affects homeowners. These tax bills can impact homeowners' financial planning and housing affordability.
Average Henderson Tax Bill
$754
Average Vance County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27536 | $231 | $375 | $672 | $1,247 | $2,277 |
| 27537 | $309 | $545 | $802 | $1,372 | $2,052 |
Source: Ownwell