Fleetwood, North Carolina Property Taxes
The median property tax rate in Fleetwood, NC is 0.48%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Fleetwood at $278,700, the typical annual property tax bill reaches $1,305, which is significantly below the national median of $2,690. Property taxes in Fleetwood are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fleetwood'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 Fleetwood or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fleetwood, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,338
Ownwell’s Fleetwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fleetwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fleetwood to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fleetwood, North Carolina
Property taxes in Fleetwood, 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 Fleetwood is 0.48%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Fleetwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fleetwood 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 Fleetwood's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28626 has both the highest and lowest median property tax rate of 0.48%. Understanding how these areas compare with Fleetwood provides valuable insights into the varying tax landscape across Ashe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fleetwood Tax Rate
0.48%
Average Ashe County Tax Rate
0.48%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fleetwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28626 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Fleetwood, North Carolina
In Fleetwood, 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 Ashe 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 Fleetwood, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Fleetwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28626 has both the highest and lowest median tax bill at $1,305.
Property Tax Assessment Values Across Fleetwood, North Carolina
Source: Ownwell
$175,200
$272,250
$369,300
Average Fleetwood Assessed Value
$278,700
Average Ashe County Assessed Value
$228,400
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fleetwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28626 | $92,570 | $175,075 | $278,700 | $397,950 | $526,260 |
Source: Ownwell
Property Tax Bills Across Fleetwood, North Carolina
In Fleetwood, located in Ashe County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and reflects the market value of the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Fleetwood, the median home price stands at $278,700. Property tax bills in Fleetwood vary significantly, with the 25th percentile bill at $816 and the 75th percentile bill reaching $1,863. The 90th percentile tax bill can go as high as $2,463. These figures highlight the range of property tax burdens that homeowners might face, depending on the value of their property. Compared to the national median property tax rate of 0.99%, Fleetwood's property tax rates can have a substantial impact on homeowners' finances. The highest and lowest median tax bills in the area are both $1,305, indicating a degree of consistency within certain zip codes, specifically 28626. This consistency can help homeowners better predict their annual property tax expenses.
Average Fleetwood Tax Bill
$1,305
Average Ashe County Tax Bill
$1,108
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Fleetwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28626 | $417 | $816 | $1,305 | $1,863 | $2,463 |
Source: Ownwell