Spring Hope, Nash County, North Carolina Property Taxes
Median Spring Hope, NC effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Spring Hope, NC home value: $83,550
Median annual Spring Hope, NC tax bill: $712, $1,688 lower than the national median property tax bill of $2,400.
How are property taxes in Nash County calculated?
Property taxes in Spring Hope, 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 Spring Hope’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spring Hope, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Spring Hope, Nash County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$719
$667
Property Tax Rates Across Spring Hope, Nash County, North Carolina
Local government entities have the responsibility of setting tax rates, and these can differ significantly within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Spring Hope, located in Nash County, NC, the effective property tax rate is 0.86%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in North Carolina, Spring Hope's tax rate is competitive. Such a rate can be appealing to property owners looking for cost-effective living options without compromising on the quality of services offered by local governments.
Understanding these tax rates is crucial for property owners, as they directly impact the cost of owning property. By offering a favorable tax rate, Spring Hope positions itself as an attractive location for potential homeowners and investors, especially when compared to the national landscape.
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 Spring Hope Tax Rate
0.86%
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 Nash County Tax Rate
0.72%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Spring Hope, Nash County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27882 | 0.62% | 0.77% | 0.86% | 0.95% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Spring Hope, Nash County, North Carolina
When examining property taxes in Spring Hope, 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 Nash County appraisal district 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. This assessed value is used to calculate your property taxes by multiplying it by your tax rate to get your tax bill.
In Nash County, assessment notices are sent in the spring each year, typically reaching 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 Spring Hope. For example, the median home price in Spring Hope is $83,550, with tax bills ranging significantly across the county. Zip code 27882 has the highest median home price at $83,550.
Property Tax Assessment Values Across Spring Hope, Nash County, North Carolina
Source: Ownwell
$69,540
$120,520
$171,500
Median Spring Hope Market Value
$83,550
Median Nash County Market Value
$102,010
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Spring Hope, Nash County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27882 | $34,873 | $57,285 | $83,550 | $138,558 | $231,715 |
Source: Ownwell
Property Tax Bills Across Spring Hope, Nash County, North Carolina
Median Spring Hope Tax Bill
$712
Median Nash County Tax Bill
$784
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Spring Hope, Nash County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27882 | $279 | $485 | $712 | $1,101 | $1,760 |
Source: Ownwell