Pineola, North Carolina Property Taxes
The median property tax rate in Pineola, 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 Pineola at $165,800, the typical annual property tax bill reaches $663, well below the national median of $2,690. Property taxes in Pineola are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pineola'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 Pineola or another part of Avery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pineola, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$663
Ownwell’s Pineola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pineola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pineola 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 Pineola, North Carolina
Property taxes in Pineola, 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 Pineola is 0.66%, which is higher than the North Carolina state median of 0.70% but still below the U.S. national median of 0.99%. Local government entities within Pineola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pineola 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 Pineola's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28777 zip code has the highest median property tax rate of 0.70%, while the 28657 zip code has the lowest median tax rate of 0.50%. Understanding how these cities compare with Pineola 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 Pineola 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 Pineola, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28662 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Pineola, North Carolina
In Pineola, 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 Pineola, 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 Pineola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Pineola are both $663, found in the 28662 zip code.
Property Tax Assessment Values Across Pineola, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Pineola Assessed Value
$165,800
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 Pineola, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28662 | $165,800 | $165,800 | $165,800 | $165,800 | $165,800 |
Source: Ownwell
Property Tax Bills Across Pineola, North Carolina
In Pineola, 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's property appraiser and reflects the market value of the property. Homeowners in Pineola see a median property tax rate that aligns with the national median of 0.99%. For example, with a median home price of $165,800, the median property tax bill is $663. Factors influencing the tax bill include the property's assessed value and the local tax rate. This rate is set annually by local government authorities. Homeowners in Pineola benefit from a straightforward calculation, as the tax bill remains consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $663. This stability provides predictability for homeowners, aiding in financial planning. Understanding these factors helps homeowners in Pineola anticipate their property tax obligations and manage their budgets effectively.
Average Pineola Tax Bill
$663
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pineola, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28662 | $663 | $663 | $663 | $663 | $663 |
Source: Ownwell