Union Grove, North Carolina Property Taxes
The median property tax rate in Union Grove, NC is 0.77%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Union Grove at $102,200, the typical annual property tax bill amounts to $772, significantly below the national median of $2,690. Property taxes in Union Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Union Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Union Grove or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Union Grove, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$787
$730
Ownwell’s Union Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Union Grove with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Union Grove to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. If you’re interested in exploring trends at the neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Union Grove, North Carolina
Property taxes in Union Grove, 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 Union Grove is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Union Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Grove 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 Union Grove's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28689 has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Union Grove provides valuable insights into the varying tax landscape across Wilkes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Union Grove Tax Rate
0.77%
Average Wilkes County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Grove, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28689 | 0.52% | 0.70% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Union Grove, North Carolina
In Union Grove, 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 Wilkes 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 Union Grove, 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 Union Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $772.00, found in zip code 28689.
Property Tax Assessment Values Across Union Grove, North Carolina
Source: Ownwell
$87,490
$155,103
$222,715
Average Union Grove Assessed Value
$102,200
Average Wilkes County Assessed Value
$107,250
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Union Grove, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28689 | $48,010 | $67,310 | $102,200 | $157,980 | $242,130 |
Source: Ownwell
Property Tax Bills Across Union Grove, North Carolina
In Union Grove, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $102,200, homeowners in Union Grove can expect to pay around $772 annually, which aligns with the highest and lowest median tax bills in the area. Several factors influence the tax bill, including property size, location, and any improvements made to the home. For homeowners, this means that property taxes can vary significantly within the same region. For example, tax bills in Union Grove range from $518 at the 25th percentile to $1,123 at the 75th percentile, and up to $1,557 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Union Grove's property tax rate can have a substantial impact on homeowners' budgets, making it crucial to understand how these taxes are calculated and managed.
Average Union Grove Tax Bill
$772
Average Wilkes County Tax Bill
$770
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Grove, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28689 | $363 | $518 | $772 | $1,123 | $1,557 |
Source: Ownwell