Zionville, North Carolina Property Taxes
The median property tax rate in Zionville, 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 Zionville, the typical annual property tax bill is $805, substantially below the national median of $2,690. Property taxes in Zionville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Zionville'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 Zionville or another part of Watauga County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Zionville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$813
Ownwell’s Zionville Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Zionville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Zionville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and considers any applicable exemptions.
Property Tax Rates Across Zionville, North Carolina
Property taxes in Zionville, 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 Zionville is 0.40%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Zionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zionville 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 Zionville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28698 has both the highest and lowest median property tax rate of 0.40%. Understanding how these areas compare with Zionville provides valuable insights into the varying tax landscape across Watauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Zionville Tax Rate
0.40%
Average Watauga County Tax Rate
0.41%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zionville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28698 | 0.36% | 0.39% | 0.40% | 0.42% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Zionville, North Carolina
In Zionville, 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 Watauga 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 Zionville, 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. Notably, the median home price in Zionville stands at $203,150. The highest median tax bill is $805 in the 28698 zip code, while the lowest is also $805 in the same zip code. Being aware of these valuation processes in Zionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Zionville, North Carolina
Source: Ownwell
$191,700
$327,575
$463,450
Average Zionville Assessed Value
$203,150
Average Watauga County Assessed Value
$321,300
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Zionville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28698 | $77,290 | $136,700 | $203,150 | $302,400 | $452,640 |
Source: Ownwell
Property Tax Bills Across Zionville, North Carolina
Property tax bills in Zionville, Watauga County, NC are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value, which is periodically evaluated by county assessors. Homeowners in Zionville experience property tax bills that vary significantly, with the 25th percentile tax bill at $546 and the 75th percentile reaching $1,162. Comparatively, the 90th percentile tax bill stands at $1,716. The median home price in the area is $203,150, which is a critical factor in determining the tax bill. These property taxes fund essential public services such as schools, law enforcement, and infrastructure maintenance. The tax rate in Zionville is influenced by local government budget needs and voter-approved measures. Homeowners must stay informed about their property's assessed value and any changes in the local tax rate to anticipate their tax obligations. Understanding these factors helps homeowners manage their finances and plan for future expenses.
Average Zionville Tax Bill
$805
Average Watauga County Tax Bill
$1,552
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Zionville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28698 | $306 | $546 | $805 | $1,162 | $1,716 |
Source: Ownwell