Yukon, North Carolina Property Taxes
The median property tax rate in Yukon, NC is 0.40%, 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 Yukon, the typical annual property tax bill is $1,052, which is well below the national median of $2,690. Property taxes in Yukon 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 Yukon’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 Yukon 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
Yukon, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,041
Ownwell’s Yukon Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Yukon with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Yukon to provide an accurate property tax bill estimate. This helpful tool allows you to understand your potential tax liabilities better. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Yukon, North Carolina
Property taxes in Yukon, 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 Yukon is 0.40%, significantly lower than the U.S. national median of 0.99%. Local government entities within Yukon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yukon 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 Yukon's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 73099 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Yukon provides valuable insights into the varying tax landscape across Swain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yukon Tax Rate
0.40%
Average Swain County Tax Rate
0.44%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yukon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73099 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Yukon, North Carolina
In Yukon, 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 Swain 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 Yukon, 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 Yukon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,052, found in the 73099 zip code.
Average Yukon Assessed Value
$260,360
Average Swain County Assessed Value
$144,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yukon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73099 | $260,360 | $260,360 | $260,360 | $260,360 | $260,360 |
Source: Ownwell
Property Tax Bills Across Yukon, North Carolina
In Yukon, located in Swain County, NC, property tax bills are calculated based on the assessed value of a home. 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 property tax rate to compute the annual tax bill. For instance, with a median home price of $260,360, homeowners in Yukon can expect a median tax bill of $1,052. This figure remains consistent across the 25th, 75th, and 90th percentiles, indicating a uniform tax rate application within the region. Comparatively, the national median property tax rate is 0.99%, which suggests that Yukon's property tax rate may be relatively lower or the assessed values are more stable. Homeowners should be aware that their tax bills are influenced by changes in property values and local tax rates. A stable and predictable tax bill can simplify financial planning for homeowners, making it easier to budget for annual expenses.
Average Yukon Tax Bill
$1,052
Average Swain County Tax Bill
$651
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Yukon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73099 | $1,052 | $1,052 | $1,052 | $1,052 | $1,052 |
Source: Ownwell