Birmingham, North Carolina Property Taxes
The median property tax rate in Birmingham, NC is 0.40%, 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 Birmingham at $1,564,200, the typical annual property tax bill reaches $6,257, surpassing the national median of $2,690. Property taxes in Birmingham are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Birmingham'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 Birmingham 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
Birmingham, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$6,257
Ownwell’s Birmingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birmingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birmingham 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 Birmingham, North Carolina
Property taxes in Birmingham, NC, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birmingham is 0.40%, significantly lower than the U.S. national median of 0.99%. Local government entities within Birmingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birmingham 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 Birmingham's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 35223 zip code has the highest median property tax rate of 0.40%, while the 35203 zip code has the lowest median tax rate of 0.40%. Understanding how these cities compare with Birmingham 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 Birmingham 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 Birmingham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35203 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 35214 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 35223 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Birmingham, North Carolina
In Birmingham, 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 Birmingham, 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. For instance, the highest median tax bill in Birmingham is $9,430 in the 35203 zip code, while the lowest is $1,890 in the 35223 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Birmingham, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Birmingham Assessed Value
$1,564,200
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 Birmingham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35203 | $2,357,500 | $2,357,500 | $2,357,500 | $2,357,500 | $2,357,500 |
| 35214 | $1,564,200 | $1,564,200 | $1,564,200 | $1,564,200 | $1,564,200 |
| 35223 | $472,500 | $472,500 | $472,500 | $472,500 | $472,500 |
Source: Ownwell
Property Tax Bills Across Birmingham, North Carolina
In Birmingham, NC, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which is established by the county assessor. Factors such as property size, location, and improvements can influence the assessed value. For instance, Birmingham homeowners experience a wide range of tax bills. The 25th percentile tax bill is $4,073, while the 75th percentile reaches $7,843. At the 90th percentile, homeowners might pay up to $8,795. The highest median tax bill in the area is $9,430, found in the 35203 zip code, while the lowest is $1,890 in the 35223 zip code. These variations can significantly impact homeowners, affecting their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Birmingham's rates reflect the local economic conditions and real estate market, which can either ease or burden property owners depending on their specific circumstances.
Average Birmingham Tax Bill
$6,257
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Birmingham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35203 | $9,430 | $9,430 | $9,430 | $9,430 | $9,430 |
| 35214 | $6,257 | $6,257 | $6,257 | $6,257 | $6,257 |
| 35223 | $1,890 | $1,890 | $1,890 | $1,890 | $1,890 |
Source: Ownwell