Candler, North Carolina Property Taxes
The median property tax rate in Candler, NC is 0.59%, 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 $213,800 in Candler, the typical annual property tax bill amounts to $1,279, which is well below the national median of $2,690. Property taxes in Candler are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Candler'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 Candler or another part of Buncombe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Candler, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$1,261
Ownwell’s Candler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Candler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Candler 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 Candler, North Carolina
Property taxes in Candler, 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 Candler is 0.59%, notably lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Candler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Candler 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 Candler's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28715 has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Candler 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 Candler Tax Rate
0.59%
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 Candler, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28715 | 0.59% | 0.59% | 0.59% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Candler, North Carolina
In Candler, 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 Candler, 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 Candler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28715 has the highest and lowest median tax bill at $1,279, making it essential for homeowners to stay informed and proactive.
Average Candler Assessed Value
$213,800
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 Candler, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28715 | $64,300 | $134,200 | $213,800 | $300,900 | $394,340 |
Source: Ownwell
Property Tax Bills Across Candler, North Carolina
In Candler, located in Buncombe County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's tax assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Candler, the median home price is $213,800, and property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $765, while those at the 75th percentile could see bills as high as $1,852. The top 10% of property tax bills in the area reach up to $2,469. These property taxes are crucial as they fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in Candler reflect the region's specific economic and market conditions, impacting homeowners' annual financial planning.
Average Candler Tax Bill
$1,279
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 Candler, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28715 | $344 | $765 | $1,279 | $1,852 | $2,469 |
Source: Ownwell