Hillsborough, Durham County, North Carolina Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hillsborough’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

In Hillsborough, located in Durham County, the property tax rate stands at 0.96%. This rate is slightly below the national median property tax rate of 1.02%, offering residents a relatively lower tax burden compared to the national average. The median property tax bill in Hillsborough aligns with the state’s median, which is also below the national median of $2400. This makes Hillsborough an attractive location for homeowners seeking a balance between quality public services and manageable tax obligations. Comparing this to the highest and lowest median tax rates within the state, Hillsborough maintains a consistent rate, providing a stable financial environment for its residents.

Property tax bills in Hillsborough, located in Durham County, NC, are determined by the assessed value of a property and the local tax rate. The assessed value is established by the county and reflects the market value of the home. Homeowners in Hillsborough face a median property tax bill of $2,748, which is slightly above the national median of $2,400. This suggests that property taxes can be a significant expense for homeowners in this area. Factors such as property location, size, and improvements can influence the assessed value, and consequently, the tax bill.

Ownwell offers services to help homeowners reduce their property tax burden. By conducting a thorough analysis of the property's assessed value, Ownwell can identify discrepancies or overvaluations. This enables homeowners to appeal their property tax assessments effectively. By leveraging Ownwell's expertise, homeowners in Hillsborough can potentially lower their property tax bills, ensuring they only pay their fair share.