Henderson, North Carolina Property Taxes
The median property tax rate in Henderson, NC is 1.11%, 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, the typical annual property tax bill reaches $591, which is significantly 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
1.11%
Estimate Property Tax Bill
$614
$569
Ownwell’s Henderson Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to 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 provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities, allowing for better financial planning. For those interested in neighborhood-level trends, scroll down to discover more localized information. Your property's assessed value is determined by the county, factoring in any applicable exemptions, to calculate your property tax accurately.
Property Tax Rates Across Henderson, North Carolina
Property taxes in Henderson, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henderson is 1.11%, 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 27537 zip code has the highest median property tax rate of 1.11%, while the 27537 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Henderson provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henderson Tax Rate
1.11%
Average Warren County Tax Rate
0.98%
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 |
|---|---|---|---|---|---|
| 27537 | 0.82% | 0.96% | 1.11% | 1.25% | 1.62% |
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 Warren 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. 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. The highest median tax bill in the area is $591 in the 27537 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Henderson, North Carolina
Source: Ownwell
$55,281
$200,953
$346,624
Average Henderson Assessed Value
$55,281
Average Warren County Assessed Value
$84,230
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 |
|---|---|---|---|---|---|
| 27537 | $17,402 | $37,236 | $55,281 | $85,752 | $147,233 |
Source: Ownwell
Property Tax Bills Across Henderson, North Carolina
In Henderson, NC, property tax bills are calculated based on the assessed value of a home. Local authorities assess the value of properties to determine how much each homeowner owes in taxes. For instance, with a median home price of $55,281, the property tax rate in this area impacts homeowners significantly. Several factors influence the tax bill, including the home's market value, any applicable exemptions, and the local tax rate. In this region, the median property tax bill is around $591, aligning with the national median property tax rate of 0.99%. Homeowners in the 25th percentile face tax bills around $411, while those in the 75th percentile see bills closer to $858. For the top 10% of properties, tax bills can reach up to $1,359. These taxes fund essential public services such as schools, infrastructure, and emergency services, making them a crucial part of community development. However, they can also be a significant financial burden for homeowners, particularly those with higher-valued properties.
Average Henderson Tax Bill
$591
Average Warren County Tax Bill
$857
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 |
|---|---|---|---|---|---|
| 27537 | $263 | $411 | $591 | $858 | $1,359 |
Source: Ownwell