Jamestown, North Carolina Property Taxes
The median property tax rate in Jamestown, 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 $342,100 in Jamestown, the typical annual property tax bill is $1,368, which is well below the national median of $2,690. Property taxes in Jamestown are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jamestown'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 Jamestown 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
Jamestown, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,368
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, North Carolina
Property taxes in Jamestown, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 0.40%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27282 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Jamestown 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 Jamestown 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 Jamestown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27282 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jamestown, North Carolina. 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 Jamestown, 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jamestown are both $1368, found in zip code 27282.
Property Tax Assessment Values Across Jamestown, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Jamestown Assessed Value
$342,100
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 Jamestown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27282 | $342,100 | $342,100 | $342,100 | $342,100 | $342,100 |
Source: Ownwell
Property Tax Bills Across Jamestown, North Carolina
In Jamestown, located in Avery County, NC, property tax bills are calculated by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Jamestown is $342,100. To determine the tax bill, the assessed value is multiplied by the local property tax rate. For instance, with a median tax bill of $1,368, homeowners can anticipate their annual tax obligation based on this rate. Various factors influence the assessed value of a property, including its size, location, and condition. The median tax bill in Jamestown is consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $1,368. This uniformity suggests a stable and predictable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Jamestown's property tax rate offers a clear perspective on how local taxes impact homeowners. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Jamestown Tax Bill
$1,368
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27282 | $1,368 | $1,368 | $1,368 | $1,368 | $1,368 |
Source: Ownwell