Ennice, North Carolina Property Taxes
The median property tax rate in Ennice, NC is 0.73%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $123,700 in Ennice, the typical annual property tax bill amounts to $862, well below the national median of $2,690. Property taxes in Ennice are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ennice's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ennice or another part of Alleghany County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ennice, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$903
Ownwell’s Ennice Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ennice effortlessly. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Ennice to provide an accurate estimate of your property tax bill. This intuitive tool offers valuable insights into your potential tax liabilities, helping you plan your finances better. For those interested in more granular data, additional localized information is available below. Your property’s assessed value, determined by Alleghany County, is the basis for these calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ennice, North Carolina
Property taxes in Ennice, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ennice is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Ennice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ennice estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ennice's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28623 has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Ennice provides valuable insights into the varying tax landscape across Alleghany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ennice Tax Rate
0.73%
Average Alleghany County Tax Rate
0.70%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ennice, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28623 | 0.42% | 0.68% | 0.73% | 0.78% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Ennice, North Carolina
In Ennice, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Alleghany County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ennice, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Ennice is $123,700, and understanding the distinction between these valuation concepts can help property owners navigate their tax responsibilities effectively. The zip code with the highest and lowest median tax bill is 28623, with a median tax bill of $862. By comprehending these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to manage their tax burden better.
Average Ennice Assessed Value
$123,700
Average Alleghany County Assessed Value
$157,000
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ennice, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28623 | $51,820 | $77,825 | $123,700 | $207,575 | $341,140 |
Source: Ownwell
Property Tax Bills Across Ennice, North Carolina
In Ennice, located in Alleghany County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by county tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $123,700, homeowners can expect to pay property taxes that fall within a range of $561 at the 25th percentile to $1,292 at the 75th percentile, and up to $1,908 at the 90th percentile. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value. Homeowners in Ennice should be aware that their property taxes contribute to essential public services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Ennice's property tax bills reflect a relatively moderate burden, offering a balance between necessary public funding and homeowner affordability.
Average Ennice Tax Bill
$862
Average Alleghany County Tax Bill
$1,019
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Ennice, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28623 | $371 | $561 | $862 | $1,292 | $1,908 |
Source: Ownwell