Peachland, North Carolina Property Taxes
The median property tax rate in Peachland, NC is 0.87%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $109,900 in Peachland, the typical annual property tax bill amounts to $821, which is significantly below the national median of $2,690. Property taxes in Peachland are based on the tax assessed value, which is often lower than the market value due to exemptions such as 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 Anson 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
0.87%
Estimate Property Tax Bill
$956
-$10,020
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, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Peachland stands at 0.87%, which is lower than 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 counties in North Carolina and the national median. For comparison, the zip code 28133 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Peachland provides valuable insights into the varying tax landscape across Anson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Peachland Tax Rate
0.87%
Average Anson County Tax Rate
0.87%
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 | 0.36% | 0.83% | 0.87% | 0.89% | 1.08% |
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 Anson 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. The median home price in Peachland is $109,900, with tax bills ranging from $404 at the 25th percentile to $1,961 at the 90th percentile. The highest and lowest median tax bills are both $821, found in zip code 28133. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Peachland, North Carolina
Source: Ownwell
$43,100
$85,275
$127,450
Average Peachland Assessed Value
$109,900
Average Anson County Assessed Value
$69,100
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 | $20,520 | $56,300 | $109,900 | $178,500 | $260,420 |
Source: Ownwell
Property Tax Bills Across Peachland, North Carolina
In Peachland, located in Anson County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor’s office and often reflects the market value of the property. Homeowners in Peachland can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the median home price in Peachland is $109,900. Tax bills can range widely; at the 25th percentile, a homeowner might pay around $404, while at the 75th percentile, the tax bill could be as high as $1,351. At the 90th percentile, the tax bill can soar to $1,961. The median tax bill in Peachland is $821, which is lower than the national median property tax rate of 0.99%. These tax bills impact homeowners by influencing their overall housing costs, potentially affecting decisions about buying, selling, or maintaining property in Peachland.
Average Peachland Tax Bill
$821
Average Anson County Tax Bill
$626
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 | $164 | $404 | $821 | $1,351 | $1,961 |
Source: Ownwell