Linville, North Carolina Property Taxes
The median property tax rate in Linville, 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 $729,900 in Linville, the typical annual property tax bill reaches $2,879, which is higher than the national median of $2,690. Property taxes in Linville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Linville'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 Linville or another part of Avery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Linville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$2,920
Ownwell’s Linville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linville 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 Linville, North Carolina
Property taxes in Linville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linville is 0.38%, lower than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Linville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linville 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 Linville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28278 zip code has the highest median property tax rate of 1.20%, while the 27565 zip code has the lowest median tax rate of 0.45%. Understanding how these cities compare with Linville 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 Linville 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 Linville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28646 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Linville, North Carolina
In Linville, 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 Linville, 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. Linville's median home price stands at $729,900, with the 25th percentile tax bill at $1,171 and the 75th percentile tax bill at $4,736. The zip code 28646 has both the highest and lowest median tax bill at $2,879. 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 Linville, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Linville Assessed Value
$729,900
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 Linville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28646 | $56,300 | $295,000 | $729,900 | $1,213,900 | $1,811,940 |
Source: Ownwell
Property Tax Bills Across Linville, North Carolina
In Linville, located in Avery County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Linville can expect their tax bills to vary significantly depending on their property's assessed value. For instance, the median home price in Linville is $729,900, which can lead to substantial tax bills. Factors influencing the tax bill include the property's assessed value and the local tax rate. In Linville, the 25th percentile tax bill is around $1,171, while the 75th percentile reaches up to $4,736. For those at the 90th percentile, the tax bill can soar to $7,151. These figures show a broad range, indicating that higher-valued properties will bear a more significant tax burden. Compared to the national median property tax rate of 0.99%, homeowners in Linville experience a diverse tax landscape that can impact their financial planning and homeownership costs.
Average Linville Tax Bill
$2,879
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Linville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28646 | $225 | $1,171 | $2,879 | $4,736 | $7,151 |
Source: Ownwell