Mill Spring, Rutherford County, North Carolina Property Taxes

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

Median Mill Spring, NC effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Mill Spring, NC home value: $123,700
Median annual Mill Spring, NC tax bill: $346, $2,054 lower than the national median property tax bill of $2,400.

How are property taxes in Rutherford calculated?

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

Last Updated March 1, 2025

Mill Spring, Rutherford County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.37%

Estimate Property Tax Bill

$458

$425

Ownwell’s Mill Spring Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mill Spring with just two data points. By entering your property's estimated assessed value, our calculator applies Mill Spring’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 Mill Spring, Rutherford County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This variability stems from each county's annual estimation of its required budget to provide services. By dividing this budget by the total value of all taxable property within its jurisdiction, the property tax rate is determined. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Mill Spring, located in Rutherford County, North Carolina, the effective property tax rate is notably lower than both the state and national medians. This can be advantageous for property owners, as it translates to lower property tax bills compared to other regions. North Carolina's median property tax rate is already below the national median, making Mill Spring even more appealing for homeowners seeking affordability. The lower tax rate in Mill Spring can contribute to significant savings over time, enhancing the appeal of this charming locale. As property tax rates influence the overall cost of homeownership, understanding these differences is crucial for potential buyers and current homeowners alike.

Property Tax Rates Across Mill Spring, 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 Mill Spring Tax Rate

0.37%

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 Mill Spring, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28756	0.24%	0.27%	0.37%	0.44%	0.49%

Source: Ownwell

Property Tax Assessment Values Across Mill Spring, Rutherford County, North Carolina

When examining property taxes in Mill Spring, 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 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 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 Mill Spring. For example, the median home price in Mill Spring is $123,700, with tax bills ranging significantly across the county. Zip code 28756 has the highest median home price at $123,700.

Property Tax Assessment Values Across Mill Spring, Rutherford County, North Carolina

Source: Ownwell

$69,600

$168,900

$268,200

Median Mill Spring Market Value

$123,700

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 Mill Spring, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28756	$49,080	$90,500	$123,700	$184,500	$442,760

Source: Ownwell

Property Tax Bills Across Mill Spring, Rutherford County, North Carolina

In Mill Spring, located in Rutherford County, NC, property tax bills are calculated based on the assessed value of a home, which often differs from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the homeowner's tax obligation. With a median home price of $123,700, the tax bills in Mill Spring can vary significantly. The 25th percentile tax bill is $298, while the 75th percentile reaches $811, and the top 10% of bills are as high as $1,998. Compared to the national median property tax bill of $2,400, Mill Spring's tax bills are relatively modest. However, they can still be a burden for some homeowners. Ownwell assists by identifying potential savings through appeals and exemptions, ensuring homeowners pay only their fair share. Our expertise can help navigate the complexities of property tax assessments, potentially reducing the annual tax burden.

Property Tax Bills Across Mill Spring, Rutherford County, North Carolina

Source: Ownwell

$333

$1,012

$1,690

Median Mill Spring Tax Bill

$346

Median Rutherford County Tax Bill

$516

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Mill Spring, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28756	$245	$298	$346	$811	$1,998

Source: Ownwell