Mineral Springs, Union County, North Carolina Property Taxes

Name: Property Tax Bills Across Mineral Springs, Union County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mineral Springs, NC effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Mineral Springs, NC home value: $105,150
Median annual Mineral Springs, NC tax bill: $577, $1,823 lower than the national median property tax bill of $2,400.

How are property taxes in Union County calculated?

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

Last Updated March 1, 2025

Mineral Springs, Union County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$694

$644

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

Property Tax Rates Across Mineral Springs, Union County, North Carolina

Local government entities set tax rates, which can vary significantly within a state. This variation is due to the fact that each county annually estimates its budgetary needs to fund services and divides this by the total assessed value of all taxable properties in its jurisdiction. This calculation determines the property tax rate. While setting these rates involves votes and legislation, this is essentially the yearly process. In Mineral Springs, located in Union County, North Carolina, the effective property tax rate is a reflection of this process. When comparing Mineral Springs’ property tax rate to other cities in North Carolina and the national average, one can gain insight into how local rates measure up. The median property tax rate in North Carolina is notably below the national median, which can be advantageous for property owners in the state. Understanding these variations can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Mineral Springs, Union County, North Carolina

Source: Ownwell

0.63%

0.73%

0.84%

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 Mineral Springs Tax Rate

0.66%

Median Effective Union County Tax Rate

0.67%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mineral Springs, Union County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28108	0.39%	0.66%	0.66%	0.66%	0.66%

Source: Ownwell

Property Tax Assessment Values Across Mineral Springs, Union County, North Carolina

When examining property taxes in Mineral Springs, 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. Union County 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 Union 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 Mineral Springs. For example, the median home price in Mineral Springs is $105,150, with tax bills ranging significantly across the county. Zip code 28108 has the highest median home price at $105,150.

Property Tax Assessment Values Across Mineral Springs, Union County, North Carolina

Source: Ownwell

$105,150

$265,600

$426,050

Median Mineral Springs Market Value

$105,150

Median Union County Market Value

$277,400

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mineral Springs, Union County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28108	$53,080	$71,900	$105,150	$181,450	$259,790

Source: Ownwell

Property Tax Bills Across Mineral Springs, Union County, North Carolina

In Mineral Springs, located in Union County, NC, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is often a percentage of the property's market value. In this area, the median home price is $105,150, which influences the tax bill. Homeowners in Mineral Springs typically see property tax bills ranging from $419 at the 25th percentile to $1,481 at the 90th percentile. The median property tax bill in the 28108 zip code is $577, which is significantly lower than the national median property tax bill of $2,400. These figures highlight that while property taxes here are relatively low, they can still represent a significant expense for homeowners. Ownwell offers valuable assistance by helping homeowners identify potential savings on their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can help ensure that homeowners in Mineral Springs pay only their fair share, potentially reducing their annual tax burden.

Property Tax Bills Across Mineral Springs, Union County, North Carolina

Source: Ownwell

$577

$1,960

$3,343

Median Mineral Springs Tax Bill

$577

Median Union County Tax Bill

$2,194

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Mineral Springs, Union County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28108	$343	$419	$577	$937	$1,481

Source: Ownwell