Prospect Hill, Caswell County, North Carolina Property Taxes
Property Taxes in Prospect Hill, North Carolina
Median Prospect Hill, North Carolina effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Prospect Hill, North Carolina home value: $166,757
Median annual Prospect Hill, North Carolina tax bill: $1,099, lower than the national median property tax bill of $2,400.
How are property taxes in Caswell calculated?
Property taxes in Prospect Hill, North Carolina 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 April 13, 2026
Prospect Hill, Caswell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$1,134
$1,052
How Does the Prospect Hill Property Tax Calculator Work?
Use this Prospect Hill property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Prospect Hill's median effective tax rate of 0.68% — based on actual property records in Caswell County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Prospect Hill's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Prospect Hill: rates are 0.68% in 27314, with the highest median property tax bill at $1,099 and the lowest median property tax bill also at $1,099 in 27314.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Prospect Hill.
About Prospect Hill Property Taxes
About Property Taxes in Prospect Hill, Caswell, North Carolina
Prospect Hill’s median effective property tax rate of 0.68% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Caswell County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Prospect Hill. Homeowners in the 27314 ZIP code carry a median effective rate of 0.68%, while those in the same ZIP code pay 0.68%. This spread reflects how school district boundaries and local assessment districts are drawn across Caswell County. Understanding which part of Prospect Hill you live in can make a meaningful difference to your annual tax bill.
Prospect Hill homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Prospect Hill, Caswell County, North Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Prospect Hill's effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
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 Ă· 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%
Our median effective property tax rate (tax bill Ă· 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 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, North Carolina, 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.
Assessment notices in Caswell County are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Prospect Hill is $166,757, with a median tax bill of $1,099. The highest median home price is in 27314 at $166,757.
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
Property tax bills in Prospect Hill are calculated by multiplying a home’s assessed value by the local tax rate set by the county and other taxing authorities. The assessed value is based on the market value of the property, so changes in home prices can affect what homeowners owe. Factors such as location, property characteristics, and local budget needs all play a role in determining the final bill.
For homeowners, this means a higher assessed value can lead to a larger tax bill, while a lower assessed value may reduce it. In Prospect Hill, the median home price is $166,757, and the median property tax bill is $1,099. That is below the national median property tax bill of $2,400, showing that local bills can be more manageable than many homeowners pay across the country.
Tax bills can still vary widely, with some homeowners paying much less or much more depending on their property’s assessed value and tax rate.
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
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 4 |
Links | |
|---|---|
| Caswell Tax Assessor | |
| Website | www.bttaxpayerportal.com |