Scottville, North Carolina Property Taxes
The median property tax rate in Scottville, NC is 0.51%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Scottville, the typical annual property tax bill amounts to $976, well below the national median of $2,690. Property taxes in Scottville are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Scottville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Scottville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scottville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,041
Ownwell’s Scottville Property Tax Bill Calculator offers a simple way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Scottville. By entering your property's estimated assessed value, the calculator uses the median tax rate in Scottville to provide an estimate of your property tax bill. This tool is invaluable for understanding potential tax liabilities and planning your finances accordingly. For those interested in more granular insights, additional localized information is available below. Your property’s assessed value is determined by Ashe County for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Scottville, North Carolina
Property taxes in Scottville, 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 Scottville is 0.51%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Scottville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scottville 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 Scottville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28672 has both the highest and lowest median property tax rate of 0.51%. Understanding how these areas compare with Scottville 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 Scottville Tax Rate
0.51%
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 Scottville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28672 | 0.32% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Scottville, North Carolina
In Scottville, 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 Scottville, 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 Scottville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Scottville is $204,050, with tax bills ranging from $677 at the 25th percentile to $2,226 at the 90th percentile. The zip code 28672 has the highest and lowest median tax bill at $976.
Property Tax Assessment Values Across Scottville, North Carolina
Source: Ownwell
$175,200
$272,250
$369,300
Average Scottville Assessed Value
$204,050
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 Scottville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28672 | $76,860 | $149,300 | $204,050 | $400,300 | $543,310 |
Source: Ownwell
Property Tax Bills Across Scottville, North Carolina
In Scottville, located in Ashe County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $204,050. Property taxes are determined by multiplying the assessed value by the local tax rate. Homeowners in Scottville experience a range of tax bills, with the 25th percentile paying around $677, while those in the 75th percentile pay approximately $1,886. The top 10% of taxpayers face bills as high as $2,226. Various factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Scottville's tax rates can significantly impact homeowners' financial planning. Understanding these factors helps residents anticipate their annual property tax obligations and manage their budgets effectively.
Average Scottville Tax Bill
$976
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 Scottville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28672 | $329 | $677 | $976 | $1,886 | $2,226 |
Source: Ownwell