Warrensville, North Carolina Property Taxes
The median property tax rate in Warrensville, NC is 0.56%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $175,550, the typical annual property tax bill in Warrensville is $893, well below the national median of $2,690. Property taxes in Warrensville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Warrensville'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 Warrensville 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
Warrensville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$983
Ownwell’s Warrensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warrensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warrensville 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 Warrensville, North Carolina
Property taxes in Warrensville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warrensville is 0.56%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Warrensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warrensville 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 Warrensville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28693 has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Warrensville provides valuable insights into the varying tax landscape across Ashe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warrensville Tax Rate
0.56%
Average Ashe County Tax Rate
0.48%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrensville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28693 | 0.42% | 0.56% | 0.56% | 0.56% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Warrensville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warrensville, NC. 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 Ashe 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. 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 Warrensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Warrensville, the median home price is $175,550, with tax bills ranging from $469 at the 25th percentile to $2,304 at the 90th percentile. The highest and lowest median tax bills are both $893 in the 28693 zip code.
Property Tax Assessment Values Across Warrensville, North Carolina
Source: Ownwell
$175,200
$272,250
$369,300
Average Warrensville Assessed Value
$175,550
Average Ashe County Assessed Value
$228,400
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warrensville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28693 | $34,000 | $93,225 | $175,550 | $277,950 | $428,500 |
Source: Ownwell
Property Tax Bills Across Warrensville, North Carolina
In Warrensville, located in Ashe 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. Homeowners in Warrensville can expect their tax bills to vary significantly, with the 25th percentile tax bill at $469 and the 75th percentile reaching $1,483. For those at the higher end, the 90th percentile tax bill can go up to $2,304. Several factors influence these tax bills, including the home's assessed value and the local tax rate set by Ashe County. The median home price in Warrensville is $175,550, which serves as a benchmark for many property tax calculations. Compared to the national median property tax rate of 0.99%, Warrensville's rates can be considered relatively moderate. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the area.
Average Warrensville Tax Bill
$893
Average Ashe County Tax Bill
$1,108
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrensville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28693 | $170 | $469 | $893 | $1,483 | $2,304 |
Source: Ownwell