Warne, North Carolina Property Taxes
The median property tax rate in Warne, NC is 0.47%, 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 Warne, the typical annual property tax bill reaches $605, well below the national median of $2,690. Property taxes in Warne 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 Warne'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 Warne 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
Warne, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$768
Ownwell’s WARNE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WARNE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WARNE 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 Warne, North Carolina
Property taxes in Warne, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warne is 0.47%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Warne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warne 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 Warne's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28909 zip code has the highest median property tax rate of 0.47%, while it also holds the lowest median tax rate of 0.47%. Understanding how these cities compare with Warne provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warne Tax Rate
0.47%
Average Clay County Tax Rate
0.46%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warne, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28909 | 0.20% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Warne, North Carolina
In Warne, 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 Clay 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 Warne, 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. The median home price in Warne is $163,350, with tax bills ranging from $562 at the 25th percentile to $2,063 at the 75th percentile, and up to $2,415 at the 90th percentile. The zip code 28909 has the highest and lowest median tax bill at $605. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warne Assessed Value
$163,350
Average Clay County Assessed Value
$206,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warne, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28909 | $95,060 | $125,125 | $163,350 | $447,625 | $764,110 |
Source: Ownwell
Property Tax Bills Across Warne, North Carolina
In Warne, located in Clay County, NC, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The median home price in Warne is $163,350, and the property tax rate is applied to this assessed value to derive the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Warne can expect a range of tax bills, with the 25th percentile at $562, the 75th percentile at $2,063, and the 90th percentile reaching $2,415. The highest and lowest median tax bill in Warne is $605, which is relatively low compared to the national median property tax rate of 0.99%. These tax bills significantly impact homeowners, as they must budget for these annual expenses. Lower tax rates can make homeownership more affordable, whereas higher rates may pose a financial burden.
Average Warne Tax Bill
$605
Average Clay County Tax Bill
$929
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Warne, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28909 | $466 | $562 | $605 | $2,063 | $2,415 |
Source: Ownwell