Beech Mountain, North Carolina Property Taxes
The median property tax rate in Beech Mountain, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $181,350 in Beech Mountain, the typical annual property tax bill amounts to $750, well below the national median of $2,690. Property taxes in Beech Mountain are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural land. Understanding Beech Mountain'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 Beech Mountain or another part of Avery County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beech Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$725
Ownwell’s Beech Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beech Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beech Mountain 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 Beech Mountain, North Carolina
Property taxes in Beech Mountain, 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 Beech Mountain is 0.40%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Beech Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beech Mountain 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 Beech Mountain's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28604 zip code has the highest median property tax rate of 0.40%, while the 28604 zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Beech Mountain provides valuable insights into the varying tax landscape across Avery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beech Mountain Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beech Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | 0.40% | 0.40% | 0.40% | 0.42% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Beech Mountain, North Carolina
In Beech Mountain, 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 Avery 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 Beech Mountain, 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 Beech Mountain is $181,350, with tax bills ranging from $529 at the 25th percentile to $1,405 at the 75th percentile, and up to $2,634 at the 90th percentile. The zip code 28604 has the highest and lowest median tax bill of $750. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beech Mountain, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Beech Mountain Assessed Value
$181,350
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beech Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | $74,400 | $128,550 | $181,350 | $338,000 | $649,150 |
Source: Ownwell
Property Tax Bills Across Beech Mountain, North Carolina
In Beech Mountain, located in Avery County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and reflects the market value of the property. Homeowners in Beech Mountain can expect to pay varying amounts in property taxes, influenced by the value of their homes and the specific tax rates applied. For a median home price of $181,350, the tax bill can range significantly. The 25th percentile tax bill is around $529, while the 75th percentile tax bill is approximately $1,405. At the 90th percentile, the tax bill can reach up to $2,634. These figures highlight the variability in property tax obligations within the area. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local rates and home values impact their annual tax bills. This understanding helps homeowners in Beech Mountain budget effectively and anticipate their financial responsibilities.
Average Beech Mountain Tax Bill
$750
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Beech Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | $312 | $529 | $750 | $1,405 | $2,634 |
Source: Ownwell