Gold Hill, Cabarrus County, North Carolina Property Taxes

Name: Property Tax Bills Across Gold Hill, Cabarrus County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Gold Hill, NC effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Gold Hill, NC home value: $308,705
Median annual Gold Hill, NC tax bill: $1,781, $619 lower than the national median property tax bill of $2,400.

How are property taxes in Cabarrus 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, Cabarrus County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$2,068

$1,919

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 Cabarrus County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Gold Hill, Cabarrus County, North Carolina

Local government entities determine property tax rates, and these can differ significantly within a state. This is because each county annually calculates the budget needed to fund local services and divides it by the total assessed value of all taxable property in the area. This formula establishes the property tax rate. While the process involves votes and legislation, this is the core of how it works each year.

In Gold Hill, located in Cabarrus County, the effective property tax rate is a key point of comparison. The region's tax rate can be compared to other cities across North Carolina and against national figures. North Carolina's median property tax rate is notably lower than the national median, which provides context for property owners in Gold Hill. With Cabarrus County's tax rate being lower than other counties in the state, property owners in Gold Hill benefit from this favorable tax environment. Understanding these rates can help property owners make informed decisions regarding their investments and financial planning.

Property Tax Rates Across Gold Hill, Cabarrus County, North Carolina

Source: Ownwell

0.64%

0.89%

1.14%

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

0.67%

Median Effective Cabarrus County Tax Rate

1.00%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gold Hill, Cabarrus County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28071	0.34%	0.65%	0.67%	0.70%	0.70%

Source: Ownwell

Property Tax Assessment Values Across Gold Hill, Cabarrus 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 Cabarrus 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 Cabarrus 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 $308,705, with tax bills ranging significantly across the county. Zip code 28071 has the highest median home price at $308,705.

Property Tax Assessment Values Across Gold Hill, Cabarrus County, North Carolina

Source: Ownwell

$243,440

$364,325

$485,210

Median Gold Hill Market Value

$308,705

Median Cabarrus County Market Value

$339,450

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gold Hill, Cabarrus County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28071	$84,053	$198,685	$308,705	$479,772	$701,036

Source: Ownwell

Property Tax Bills Across Gold Hill, Cabarrus County, North Carolina

In Gold Hill, Cabarrus County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors influencing this assessed value include the property's market value, location, and any improvements made. The median home price in Gold Hill is $308,705, which influences the tax bill significantly. Homeowners in Gold Hill may see tax bills ranging from the 25th percentile at $1,117 to the 90th percentile at $3,822. The median tax bill in the area is $1,781, which is below the national median property tax bill of $2,400. This lower tax bill can be beneficial for homeowners, but there's always room for savings. Ownwell assists homeowners by identifying potential errors in property assessments and applying for exemptions or appeals. This can lead to significant reductions in property tax bills, ensuring homeowners pay only their fair share.

Property Tax Bills Across Gold Hill, Cabarrus County, North Carolina

Source: Ownwell

$1,779

$3,297

$4,815

Median Gold Hill Tax Bill

$1,781

Median Cabarrus County Tax Bill

$3,148

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Gold Hill, Cabarrus County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28071	$416	$1,117	$1,781	$2,864	$3,822

Source: Ownwell