Moravian Falls, North Carolina Property Taxes
The median property tax rate in Moravian Falls, NC is 0.86%, slightly lower than the national median of 0.99% but just above the North Carolina state median of 0.82%. With a median home value of $212,822 in Moravian Falls, the typical annual property tax bill amounts to $1,742, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Moravian Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Moravian Falls or another part of Alexander County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moravian Falls, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,830
Ownwell’s Moravian Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moravian Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moravian Falls 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 Moravian Falls, North Carolina
Property taxes in Moravian Falls, 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 Moravian Falls is 0.86%, which is below the U.S. national median of 0.99%. Local government entities within Moravian Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moravian Falls 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 Moravian Falls' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28654 zip code has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Moravian Falls provides valuable insights into the varying tax landscape across Alexander County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moravian Falls Tax Rate
0.86%
Average Alexander County Tax Rate
0.84%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moravian Falls, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28654 | 0.43% | 0.86% | 0.86% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Moravian Falls, North Carolina
In Moravian Falls, 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 Alexander 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 Moravian Falls, 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 Moravian Falls 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 $1,742 in zip code 28654.
Property Tax Assessment Values Across Moravian Falls, North Carolina
Source: Ownwell
$155,479
$194,313
$233,146
Average Moravian Falls Assessed Value
$212,822
Average Alexander County Assessed Value
$195,568
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moravian Falls, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28654 | $50,840 | $151,879 | $212,822 | $276,956 | $426,786 |
Source: Ownwell
Property Tax Bills Across Moravian Falls, North Carolina
Property tax bills in Moravian Falls, located in Alexander County, NC, are calculated based on the assessed value of your property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of your property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. In Moravian Falls, the median home price is $212,822. Homeowners can expect their property tax bills to vary widely depending on the value of their homes. For instance, the 25th percentile tax bill is $1,085, while the 75th percentile tax bill is $2,239. At the 90th percentile, the tax bill can reach up to $2,712. These property taxes significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, homeowners in Moravian Falls experience varying tax burdens based on their property values, which can influence decisions on home ownership and financial planning.
Average Moravian Falls Tax Bill
$1,742
Average Alexander County Tax Bill
$1,652
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Moravian Falls, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28654 | $242 | $1,085 | $1,742 | $2,239 | $2,712 |
Source: Ownwell