Black Mountain, North Carolina Property Taxes
The median property tax rate in Black Mountain, NC is 0.79%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Black Mountain at $271,800, the typical annual property tax bill is $1,954, falling below the national median of $2,690. Property taxes in Black Mountain are calculated based on the assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Black Mountain'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 Black Mountain 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
Black Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$2,147
Ownwell’s Black Mountain Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Black Mountain with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Black Mountain to provide an estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the figure assigned by Buncombe County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Black Mountain, North Carolina
Property taxes in Black Mountain, 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 Black Mountain is 0.79%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Black Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black Mountain 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 Black Mountain's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28711 has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these areas compare with Black Mountain provides valuable insights into the varying tax landscape across Buncombe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Black Mountain Tax Rate
0.79%
Average Buncombe County Tax Rate
0.63%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | 0.59% | 0.59% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Black Mountain, North Carolina
In Black Mountain, 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 Buncombe 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 Black Mountain, 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. For instance, the median home price in Black Mountain is $271,800, with tax bills ranging from $1,254 at the 25th percentile to $4,032 at the 90th percentile. The zip code 28711 has both the highest and lowest median tax bill at $1,954. 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 Black Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Black Mountain, North Carolina
Source: Ownwell
$42,650
$322,775
$602,900
Average Black Mountain Assessed Value
$271,800
Average Buncombe County Assessed Value
$268,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | $111,520 | $189,600 | $271,800 | $380,300 | $533,380 |
Source: Ownwell
Property Tax Bills Across Black Mountain, North Carolina
In Black Mountain, located in Buncombe County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $271,800, homeowners can expect a range of tax bills depending on their property's assessed value and specific circumstances. In Buncombe County, the tax bill at the 25th percentile is approximately $1,254, while at the 75th percentile, it reaches around $2,837. For those at the 90th percentile, the tax bill can climb to $4,032. These figures illustrate the variability in tax burdens across different properties. The highest and lowest median tax bills in the area are both $1,954, corresponding to the zip code 28711. Compared to the national median property tax rate of 0.99%, Black Mountain's tax rates and bills reflect a range of values, impacting homeowners' financial planning and overall cost of living.
Average Black Mountain Tax Bill
$1,954
Average Buncombe County Tax Bill
$1,904
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | $660 | $1,254 | $1,954 | $2,837 | $4,032 |
Source: Ownwell