Green Mountain, North Carolina Property Taxes
The median property tax rate in Green Mountain, NC is 0.63%, 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 Green Mountain at $132,800, the typical annual property tax bill reaches $777, which is significantly below the national median of $2,690. Property taxes in Green Mountain 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 Green 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 Green 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
Green Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$837
Ownwell’s GREEN MOUNTAIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GREEN MOUNTAIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GREEN MOUNTAIN 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 Green Mountain, North Carolina
Property taxes in Green 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 Green Mountain is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Green Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green 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 Green Mountain's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28740 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Green Mountain provides valuable insights into the varying tax landscape across Mitchell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Mountain Tax Rate
0.63%
Average Mitchell County Tax Rate
0.63%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28740 | 0.38% | 0.60% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Green Mountain, North Carolina
In Green 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 Mitchell 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 Green 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. 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 Green Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28740 has the highest and lowest median tax bills, both at $777.
Property Tax Assessment Values Across Green Mountain, North Carolina
Source: Ownwell
$132,800
$156,425
$180,050
Average Green Mountain Assessed Value
$132,800
Average Mitchell County Assessed Value
$141,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28740 | $24,500 | $75,500 | $132,800 | $201,000 | $313,300 |
Source: Ownwell
Property Tax Bills Across Green Mountain, North Carolina
Property tax bills in Green Mountain, located in Mitchell County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. In Green Mountain, the median home price is $132,800. The tax bill can vary significantly, with the 25th percentile paying around $432 and the 75th percentile paying approximately $1,196. At the 90th percentile, homeowners might see a tax bill as high as $1,799. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Green Mountain might find their property tax rates to be more favorable, potentially making it a more attractive place for homeownership. Understanding these factors can help homeowners budget effectively and make informed decisions about their property investments.
Average Green Mountain Tax Bill
$777
Average Mitchell County Tax Bill
$856
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28740 | $194 | $432 | $777 | $1,196 | $1,799 |
Source: Ownwell