Hollister, North Carolina Property Taxes
The median property tax rate in Hollister, NC is 1.03%, higher than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in Hollister, the typical annual property tax bill reaches $532, which is significantly lower than the national median of $2,690. Property taxes in Hollister are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Hollister'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 Hollister or elsewhere in Warren County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hollister, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$571
$530
Ownwell’s Hollister Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hollister with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hollister to provide an estimate of 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 Hollister, North Carolina
Property taxes in Hollister, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hollister is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Hollister set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hollister 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 Hollister's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27844 zip code has the highest median property tax rate of 1.03%, while the 27844 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Hollister 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 Hollister Tax Rate
1.03%
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 Hollister, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | 0.61% | 0.78% | 1.03% | 1.17% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Hollister, North Carolina
In Hollister, 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 Hollister, 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 Hollister 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 $532 in the 27844 zip code, while the lowest median tax bill is also $532 in the same zip code.
Property Tax Assessment Values Across Hollister, North Carolina
Source: Ownwell
$55,281
$200,953
$346,624
Average Hollister Assessed Value
$55,426
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 Hollister, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | $18,480 | $36,736 | $55,426 | $79,812 | $118,923 |
Source: Ownwell
Property Tax Bills Across Hollister, North Carolina
Property tax bills in Hollister, NC, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $55,426, the tax bill can range significantly. At the 25th percentile, homeowners might expect to pay around $371, whereas at the 75th percentile, the tax bill could rise to $756. For those at the 90th percentile, the bill can reach up to $1,029. Factors influencing these variations include property location, improvements, and market conditions. Compared to the national median property tax rate of 0.99%, Hollister's rates can be seen as relatively moderate. This variability in tax bills affects homeowners by influencing their annual budgeting and long-term financial planning. Understanding these factors is crucial for homeowners to anticipate their expenses and manage their finances effectively.
Average Hollister Tax Bill
$532
Average Warren County Tax Bill
$857
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hollister, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27844 | $179 | $371 | $532 | $756 | $1,029 |
Source: Ownwell