Red Springs, Hoke County, North Carolina Property Taxes
Median RED SPRINGS, NC effective property tax rate: 0.94%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median RED SPRINGS, NC home value: $87,190
Median annual RED SPRINGS, NC tax bill: $747, $1,653 lower than the national median property tax bill of $2,400.
How are property taxes in Hoke calculated?
Property taxes in RED 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 RED SPRINGS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in RED SPRINGS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Red Springs, Hoke County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$415
$385
Property Tax Rates Across Red Springs, Hoke County, North Carolina
Local government entities set property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, determining the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Red Springs, located in Hoke County, North Carolina, the effective property tax rate stands at 0.94%. This rate is slightly below the national median property tax rate of 1.02%. When comparing this to other cities in North Carolina, Red Springs shares the same median tax rate, indicating a consistent approach within the county. However, it is important to note that property tax rates can still vary in different areas of the state.
For homeowners in Red Springs, this means property tax bills are typically lower than the national median of $2,400. Understanding these variations can help residents make informed decisions about property ownership and budgeting for taxes.
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 Red Springs Tax Rate
0.98%
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 Hoke County Tax Rate
0.87%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Red Springs, Hoke County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28377 | 0.69% | 0.83% | 0.98% | 1.36% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Red Springs, Hoke County, North Carolina
When examining property taxes in Red 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. The Hoke 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 Hoke 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 Red Springs. For example, the median home price in Red Springs is $87,190, with tax bills ranging significantly across the county. Zip code 28377 has the highest median home price at $87,190.
Property Tax Assessment Values Across Red Springs, Hoke County, North Carolina
Source: Ownwell
$36,050
$105,750
$175,450
Median Red Springs Market Value
$42,370
Median Hoke County Market Value
$167,065
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Red Springs, Hoke County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28377 | $11,736 | $17,700 | $42,370 | $104,990 | $183,650 |
Source: Ownwell
Property Tax Bills Across Red Springs, Hoke County, North Carolina
In Red Springs, property tax bills are determined by assessing the property value and applying the local tax rate. The median home price is $87,190, with property tax bills ranging from the 25th percentile at $456 to the 90th percentile at $1,799. The median property tax bill in Red Springs is $747, lower than the national median of $2,400. This means homeowners in Red Springs generally pay less than the national average, but the impact on personal finances can still be significant, especially for those at the higher end of the tax bill spectrum.
Factors such as property size, location, and improvements affect the assessed value, subsequently influencing the tax bill. Ownwell assists homeowners by offering property tax appeal and exemption services. By analyzing property valuations and identifying discrepancies, Ownwell helps clients potentially reduce their tax burdens. This service is particularly beneficial for those who feel their property has been over-assessed, ensuring homeowners pay only their fair share. Through professional guidance, Ownwell aims to make property tax bills more manageable for Red Springs residents.
Median Red Springs Tax Bill
$429
Median Hoke County Tax Bill
$1,421
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Red Springs, Hoke County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28377 | $158 | $246 | $429 | $924 | $1,561 |
Source: Ownwell