Mount Ulla, Iredell County, North Carolina Property Taxes
Median Mount Ulla, NC effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Mount Ulla, NC home value: $228,300
Median annual Mount Ulla, NC tax bill: $1,455, $945 lower than the national median property tax bill of $2,400.
How are property taxes in Iredell calculated?
Property taxes in Mount Ulla, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Mount Ulla’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Ulla, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Ulla, Iredell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$1,415
$1,314
Property Tax Rates Across Mount Ulla, Iredell County, North Carolina
Local government entities determine tax rates, which can vary widely within North Carolina. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Mount Ulla in Iredell County, the effective property tax rate is 0.62%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in North Carolina, Mount Ulla's tax rate is on the lower end of the spectrum, offering potential savings for property owners. The median property tax bill in Mount Ulla is also likely to be below the national median bill of $2400, providing further financial relief to residents.
For property owners looking to minimize their tax burden, Mount Ulla presents an appealing option with its competitive tax rate. Understanding these tax rates can help property owners make informed decisions about where to invest or reside within North Carolina.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mount Ulla Tax Rate
0.62%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Iredell County Tax Rate
0.64%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Ulla, Iredell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28125 | 0.57% | 0.61% | 0.62% | 0.65% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Mount Ulla, Iredell County, North Carolina
When examining property taxes in Mount Ulla, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Iredell County Tax Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Iredell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mount Ulla. For example, the median home price in Mount Ulla is $228,300, with tax bills ranging significantly across the county. ZIP code 28125 has the highest median home price at $228,300.
Property Tax Assessment Values Across Mount Ulla, Iredell County, North Carolina
Source: Ownwell
$118,825
$462,923
$807,020
Median Mount Ulla Market Value
$228,300
Median Iredell County Market Value
$268,560
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Ulla, Iredell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28125 | $120,542 | $163,720 | $228,300 | $327,000 | $488,070 |
Source: Ownwell
Property Tax Bills Across Mount Ulla, Iredell County, North Carolina
In Mount Ulla, located in Iredell County, 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 tax rate to determine the tax bill. Homeowners in Mount Ulla face varying tax bills, with the 25th percentile at $1,054 and the 75th percentile at $1,919. The 90th percentile tax bill reaches $2,622, which is higher than the national median property tax bill of $2,400. This indicates that some homeowners in the area may pay more than the national average, impacting their financial planning.
Ownwell can assist homeowners in Mount Ulla by appealing their property tax assessments, potentially lowering their tax bills. By analyzing local market data and assessment records, Ownwell identifies opportunities for tax reductions and handles the appeal process on behalf of the homeowner. This service can lead to significant savings, ensuring that homeowners pay only their fair share of property taxes.
Median Mount Ulla Tax Bill
$1,455
Median Iredell County Tax Bill
$2,001
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Ulla, Iredell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28125 | $669 | $1,054 | $1,455 | $1,919 | $2,622 |
Source: Ownwell