Peachland, North Carolina Property Taxes
The median property tax rate in Peachland, NC is 0.66%, which is 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 Peachland at $226,100, the typical annual property tax bill reaches $1,266, significantly below the national median of $2,690. Property taxes in Peachland 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 Peachland'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 Peachland or another part of Union County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Peachland, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,492
Ownwell’s Peachland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peachland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peachland 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 Peachland, North Carolina
Property taxes in Peachland, 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 Peachland is 0.66%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Peachland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peachland 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 Peachland's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28133 has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Peachland provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Peachland Tax Rate
0.66%
Average Union County Tax Rate
0.67%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peachland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28133 | 0.35% | 0.62% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Peachland, North Carolina
In Peachland, 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 Union 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 Peachland, 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 Peachland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Peachland is $1,266 in the 28133 zip code, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Peachland, North Carolina
Source: Ownwell
$105,150
$356,825
$608,500
Average Peachland Assessed Value
$226,100
Average Union County Assessed Value
$277,400
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Peachland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28133 | $54,920 | $121,625 | $226,100 | $336,600 | $465,480 |
Source: Ownwell
Property Tax Bills Across Peachland, North Carolina
In Peachland, property tax bills are calculated based on the assessed value of a home and the applicable tax rate set by Union County. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the tax bill. For example, if a home in Peachland is assessed at the median home price of $226,100, the tax bill can fall between $602 at the 25th percentile and $2,762 at the 90th percentile, depending on various factors such as property improvements and neighborhood changes. Homeowners in Peachland should be aware that their property tax bills can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Peachland's property taxes can vary widely. This variability can influence a homeowner's decision to invest in property improvements or even affect their choice of neighborhood within Union County. Understanding how these factors interplay can help homeowners better anticipate and manage their property tax obligations.
Average Peachland Tax Bill
$1,266
Average Union County Tax Bill
$2,194
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Peachland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28133 | $320 | $602 | $1,266 | $1,874 | $2,762 |
Source: Ownwell