Gold Hill, Rowan County, North Carolina Property Taxes
Median Gold Hill, NC effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Gold Hill, NC home value: $178,426
Median annual Gold Hill, NC tax bill: $1,206, $1,194 lower than the national median property tax bill of $2,400.
How are property taxes in Rowan County calculated?
Property taxes in Gold Hill, 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 Gold Hill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gold Hill, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gold Hill, Rowan County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$1,178
$1,093
Ownwell’s Gold Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gold Hill with just two data points.
By entering your property's estimated assessed value, our calculator applies Gold Hill’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Rowan County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Gold Hill, Rowan County, North Carolina
Local government entities in North Carolina determine tax rates, which can differ significantly within the state. This is because each county annually estimates its necessary budget to provide services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While setting tax rates and budgets involves votes and laws, this is the annual process in a nutshell.
In Gold Hill, located in Rowan County, the effective property tax rate is 0.66%. This rate is notable when compared to both the state and national averages. North Carolina's median property tax rate stands at 0.66%, which is below the national median of 1.02%. This makes Gold Hill an attractive option for property owners seeking lower tax obligations.
For those considering property investment or relocation, understanding these rates can be crucial. Gold Hill offers a competitive tax environment, making it a potentially advantageous location for homeowners and investors alike. By exploring property tax rates in Gold Hill, you can make informed decisions and potentially save on property taxes.
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 Gold Hill Tax Rate
0.66%
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 Rowan County Tax Rate
0.68%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gold Hill, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28071 | 0.66% | 0.66% | 0.66% | 0.66% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Gold Hill, Rowan County, North Carolina
When examining property taxes in Gold Hill, 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 Rowan 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. 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 Rowan 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 Gold Hill.
For example, the median home price in Gold Hill is $178,426, with tax bills ranging significantly across the county. Zip code 28071 has the highest median home price at $178,426.
Property Tax Assessment Values Across Gold Hill, Rowan County, North Carolina
Source: Ownwell
$135,470
$402,522
$669,574
Median Gold Hill Market Value
$178,426
Median Rowan County Market Value
$187,326
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gold Hill, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28071 | $40,944 | $99,604 | $178,426 | $302,825 | $473,160 |
Source: Ownwell
Property Tax Bills Across Gold Hill, Rowan County, North Carolina
In Gold Hill, Rowan County, NC, property tax bills are determined by the assessed value of a home, which is influenced by the local tax rate. The median home price in the area is $178,426, and the property tax rate is applied to this value to calculate the annual tax bill. Homeowners in Gold Hill can expect a property tax bill ranging from the 25th percentile at $696 to the 90th percentile at $2,812. This variation is due to differences in property values and applicable exemptions. With a median tax bill of $1,206, Gold Hill is below the national median property tax bill of $2,400, offering a relatively affordable tax environment for homeowners.
Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and ensuring accuracy, Ownwell can help reduce tax liabilities, providing financial relief. This service is invaluable for homeowners seeking to minimize their property tax expenses while ensuring fair taxation based on accurate property valuations.
Median Gold Hill Tax Bill
$1,206
Median Rowan County Tax Bill
$1,628
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Gold Hill, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28071 | $275 | $696 | $1,206 | $1,879 | $2,812 |
Source: Ownwell