Prospect Hill, Caswell County, North Carolina Property Taxes

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

Median Prospect Hill, NC effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%. Median Prospect Hill, NC home value: $124,980. Median annual Prospect Hill, NC tax bill: $1,020, $1,380 lower than the national median property tax bill of $2,400.

How are property taxes in Caswell calculated?

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

Last Updated March 1, 2025

Prospect Hill, Caswell County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$1,134

$1,052

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

Property Tax Rates Across Prospect Hill, Caswell County, North Carolina

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. This variation occurs because each county annually determines its budget requirements to fund local services and divides this by the total value of all taxable properties within its area. This calculation establishes the property tax rate. Although the process involves votes and legislation, this is the basic annual procedure.

In Prospect Hill in Caswell County, NC, the effective property tax rate can be compared with other cities within the state and the median property tax rates in North Carolina and the U.S. North Carolina’s median property tax rate stands at 0.85%, which is below the national median rate of 1.02%. This lower rate can result in substantial savings for homeowners in Prospect Hill compared to the national average. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By appealing property taxes or seeking exemptions, residents can potentially reduce their financial burden and ensure they're not overpaying.

Property Tax Rates Across Prospect Hill, Caswell County, North Carolina

Source: Ownwell

0.65%

0.69%

0.72%

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 Prospect Hill Tax Rate

0.68%

Median Effective Caswell County Tax Rate

0.70%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Prospect Hill, Caswell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27314	0.40%	0.64%	0.68%	0.72%	0.76%

Source: Ownwell

Property Tax Assessment Values Across Prospect Hill, Caswell County, North Carolina

When examining property taxes in Prospect 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 Caswell 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 Caswell 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 Prospect Hill.

For example, the median home price in Prospect Hill is $124,980, with tax bills ranging significantly across the county. Zip code 27314 has the highest median home price at $124,980.

Property Tax Assessment Values Across Prospect Hill, Caswell County, North Carolina

Source: Ownwell

$105,870

$233,172

$360,473

Median Prospect Hill Market Value

$166,757

Median Caswell County Market Value

$136,803

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Prospect Hill, Caswell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27314	$84,756	$110,804	$166,757	$280,958	$430,519

Source: Ownwell

Property Tax Bills Across Prospect Hill, Caswell County, North Carolina

In Prospect Hill, Caswell County, NC, property tax bills are determined by the assessed value of a home, which is distinct from its market value. The assessed value is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in this region, the median property tax bill is noticeably lower than the national median, reflecting the area's more affordable housing market. However, the impact on homeowners can still be significant, with tax bills ranging from $686 at the 25th percentile to $2,233 at the 90th percentile. These figures highlight the variability in tax burdens depending on property values and applicable exemptions. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By leveraging local market insights and tax law expertise, Ownwell helps clients identify potential savings, ensuring they do not overpay on their property taxes. This service can be particularly beneficial in areas like Prospect Hill, where understanding the nuances of property tax assessments can lead to substantial financial relief.

Property Tax Bills Across Prospect Hill, Caswell County, North Carolina

Source: Ownwell

$722

$1,545

$2,367

Median Prospect Hill Tax Bill

$1,099

Median Caswell County Tax Bill

$917

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Prospect Hill, Caswell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27314	$569	$765	$1,099	$1,636	$2,237

Source: Ownwell