Weaverville, North Carolina Property Taxes
The median property tax rate in Weaverville, NC is 0.60%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Weaverville at $283,700, the typical annual property tax bill reaches $1,808, significantly below the national median of $2,690. Property taxes in Weaverville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weaverville'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 Weaverville 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
Weaverville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,702
Ownwell’s Weaverville Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Weaverville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Weaverville to estimate your property tax bill. This valuable tool helps you understand 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 determined by Buncombe County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Weaverville, North Carolina
Property taxes in Weaverville, 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 Weaverville is 0.60%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Weaverville set these rates annually, and they can vary across different neighborhoods. Each year, Weaverville 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 Weaverville's effective property tax rate to other areas within Buncombe County and the national median. For comparison, the zip code 28787 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these figures compare with Weaverville 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 Weaverville Tax Rate
0.60%
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 Weaverville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28787 | 0.60% | 0.60% | 0.60% | 0.71% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Weaverville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weaverville, 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 Buncombe County Assessor 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 Weaverville, 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 Weaverville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Weaverville is $1,808, with the same value for both the highest and lowest tax bills in zip code 28787.
Property Tax Assessment Values Across Weaverville, North Carolina
Source: Ownwell
$42,650
$322,775
$602,900
Average Weaverville Assessed Value
$283,700
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 Weaverville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28787 | $80,720 | $189,350 | $283,700 | $380,900 | $513,560 |
Source: Ownwell
Property Tax Bills Across Weaverville, North Carolina
In Weaverville, located in Buncombe County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate. For homeowners in Weaverville, the property tax rate is a significant factor, with the median home price at $283,700. The tax bill can vary widely, with some homeowners paying as little as $1,076, while others might see bills as high as $3,483. Factors influencing the tax bill include the home's assessed value, which is periodically reassessed to reflect market conditions, and any applicable exemptions or deductions. The median property tax bill in Weaverville stands at $1,808, higher than the national median property tax rate of 0.99%. This can impact homeowners by increasing their annual expenses, making it crucial for them to understand and potentially appeal their assessed values to ensure fair taxation.
Average Weaverville Tax Bill
$1,808
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 Weaverville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28787 | $440 | $1,076 | $1,808 | $2,532 | $3,483 |
Source: Ownwell