Union Grove, Iredell County, North Carolina Property Taxes

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

Median Union Grove, NC effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%. Median Union Grove, NC home value: $172,450. Median annual Union Grove, NC tax bill: $848, $1,552 lower than the national median property tax bill of $2,400.

How are property taxes in Iredell calculated?

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

Last Updated March 1, 2025

Union Grove, Iredell County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$1,093

$1,014

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

Property Tax Rates Across Union Grove, Iredell County, North Carolina

Local government entities determine tax rates, which can significantly differ within a state. This variation occurs because each county annually estimates its budget needs to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the yearly procedure.

In Union Grove, located in Iredell County, North Carolina, the effective property tax rate is a reflection of this process. The effective tax rate in Union Grove is among the highest in the state, matching the highest median tax rate of 0.61% found in the same area. This is significantly lower than the national median property tax rate of 1.02%. Such comparisons highlight the disparities in property tax rates across different regions, emphasizing the importance of understanding local tax dynamics. By being informed about these rates, property owners can better navigate their financial responsibilities and make informed decisions regarding property tax appeals and exemptions.

Property Tax Rates Across Union Grove, Iredell County, North Carolina

Source: Ownwell

0.60%

0.89%

1.18%

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 Union Grove Tax Rate

0.62%

Median Effective Iredell County Tax Rate

0.66%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Union Grove, Iredell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28689	0.30%	0.59%	0.62%	0.66%	0.71%

Source: Ownwell

Property Tax Assessment Values Across Union Grove, Iredell County, North Carolina

When examining property taxes in Union Grove, 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 Iredell 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 Iredell 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 Union Grove.

For example, the median home price in Union Grove is $172,450, with tax bills ranging significantly across the county. Zip code 28689 has the highest median home price at $172,450.

Property Tax Assessment Values Across Union Grove, Iredell County, North Carolina

Source: Ownwell

$120,700

$467,655

$814,610

Median Union Grove Market Value

$176,270

Median Iredell County Market Value

$275,750

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Union Grove, Iredell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28689	$40,558	$86,700	$176,270	$312,100	$457,596

Source: Ownwell

Property Tax Bills Across Union Grove, Iredell County, North Carolina

In Union Grove, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which can fluctuate based on local real estate trends. Factors like home improvements or changes in the neighborhood can impact this value. In Iredell County, the median property tax bill is $848, significantly lower than the national median of $2,400. However, homeowners in the 90th percentile may face bills as high as $2,197, approaching the national median rate of 1.02%. This illustrates the variability in tax bills across different properties. For homeowners looking to reduce their property tax burden, Ownwell offers expert services to appeal assessments and secure exemptions. By leveraging local knowledge and tax expertise, Ownwell can identify discrepancies in assessments, potentially lowering tax bills. This assistance ensures homeowners in Union Grove pay a fair amount, aligning their tax responsibilities with their property's true value.

Property Tax Bills Across Union Grove, Iredell County, North Carolina

Source: Ownwell

$711

$2,795

$4,878

Median Union Grove Tax Bill

$863

Median Iredell County Tax Bill

$2,103

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Union Grove, Iredell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28689	$256	$494	$863	$1,595	$2,282

Source: Ownwell