Forest City, Rutherford County, North Carolina Property Taxes

Name: Property Tax Bills Across Forest City, Rutherford County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Forest City, NC effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Forest City, NC home value: $116,500
Median annual Forest City, NC tax bill: $522, $1,878 lower than the national median property tax bill of $2,400.

How are property taxes in Rutherford calculated?

Property taxes in Forest City, 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 Forest City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Forest City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Forest City, Rutherford County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$559

$519

Ownwell’s Forest City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forest City with just two data points. By entering your property's estimated assessed value, our calculator applies Forest City’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 Rutherford County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Forest City, Rutherford County, North Carolina

Local government entities in North Carolina set tax rates that can vary significantly across the state. This variation arises because each county, including Rutherford County, estimates its required budget annually to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While votes and legislation play roles in determining these rates and budgets, this is the fundamental annual process.

When comparing Forest City's effective property tax rate to other cities in North Carolina, it's noteworthy that the median tax rate in Rutherford County is 0.48%. This rate is considerably lower than the national median property tax rate of 1.02%, offering a more affordable option for property owners in the area. Furthermore, the median property tax bill in North Carolina is often more manageable compared to the national median of $2,400. Forest City provides a favorable tax environment, making it an attractive location for property investment and ownership.

Property Tax Rates Across Forest City, Rutherford County, North Carolina

Source: Ownwell

0.37%

0.49%

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 Forest City Tax Rate

0.48%

Median Effective Rutherford County Tax Rate

0.45%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Forest City, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28043	0.27%	0.38%	0.48%	0.67%	1.00%

Source: Ownwell

Property Tax Assessment Values Across Forest City, Rutherford County, North Carolina

When examining property taxes in Forest City, 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 Rutherford County Tax Office 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 Rutherford 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 Forest City. For example, the median home price in Forest City is $116,500, with tax bills ranging significantly across the county. Zip code 28043 has the highest median home price at $116,500.

Property Tax Assessment Values Across Forest City, Rutherford County, North Carolina

Source: Ownwell

$69,600

$168,900

$268,200

Median Forest City Market Value

$116,500

Median Rutherford County Market Value

$123,100

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Forest City, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28043	$42,580	$81,600	$116,500	$154,000	$203,700

Source: Ownwell

Property Tax Bills Across Forest City, Rutherford County, North Carolina

In Forest City, located in Rutherford County, NC, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $116,500, homeowners can expect a median property tax bill of around $522, which is significantly lower than the national median property tax bill of $2,400. Factors such as the home's market value, location, and any applicable exemptions are considered in this calculation. Homeowners in Forest City benefit from a relatively low property tax rate compared to the national median rate of 1.02%. However, that doesn't mean there aren't opportunities for savings. Ownwell can assist homeowners by reviewing their property assessments and identifying potential errors or opportunities for exemptions. By appealing incorrect assessments, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Forest City, Rutherford County, North Carolina

Source: Ownwell

$333

$1,012

$1,690

Median Forest City Tax Bill

$522

Median Rutherford County Tax Bill

$516

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Forest City, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28043	$215	$352	$522	$774	$1,217

Source: Ownwell