Englewood, North Carolina Property Taxes
The median property tax rate in Englewood, NC is 0.41%, 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 Englewood at $161,500, the typical annual property tax bill reaches $686, which is significantly below the national median of $2,690. Property taxes in Englewood 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 Englewood'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 Englewood 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
Englewood, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$662
Ownwell’s Englewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Englewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Englewood 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 Englewood, North Carolina
Property taxes in Englewood, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Englewood is 0.72%, higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Englewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Englewood 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 Englewood's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 34223 zip code has the highest median property tax rate of 0.72%, while the 34223 zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Englewood 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 Englewood Tax Rate
0.41%
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 Englewood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34223 | 0.40% | 0.41% | 0.41% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Englewood, North Carolina
In Englewood, 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 Englewood, 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. Englewood's median home price is $161,500, with tax bills ranging from $377 at the 25th percentile to $1,181 at the 90th percentile. The highest and lowest median tax bills both stand at $686 in the 34223 zip code. By understanding 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 Englewood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Englewood, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Englewood Assessed Value
$161,500
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 Englewood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34223 | $45,900 | $89,250 | $161,500 | $233,750 | $277,100 |
Source: Ownwell
Property Tax Bills Across Englewood, North Carolina
In Englewood, Avery County, NC, property tax bills are determined by multiple factors, primarily the assessed value of the home and the local tax rate. The median home price in Englewood stands at $161,500. Property taxes are calculated by multiplying the assessed value by the local tax rate. For instance, homeowners in Englewood can expect their tax bills to range from the 25th percentile at $377 to the 75th percentile at $996, with the 90th percentile reaching up to $1,181. These tax bills are influenced by the local government’s budget needs, school district funding, and public services. Homeowners in Englewood benefit from relatively manageable property tax rates compared to the national median property tax rate of 0.99%. The highest and lowest median tax bill in the area is $686, which is significantly lower than many other regions. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Englewood Tax Bill
$686
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Englewood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34223 | $192 | $377 | $686 | $996 | $1,181 |
Source: Ownwell