Decatur, North Carolina Property Taxes
The median property tax rate in Decatur, NC is 0.40%, 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 $150,000 in Decatur, the typical annual property tax bill is approximately $600, well below the national median of $2,690. Property taxes in Decatur are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Decatur's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're in the heart of Decatur or another part of Avery County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Decatur, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$600
Ownwell’s Decatur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Decatur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decatur 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 Decatur, North Carolina
Property taxes in Decatur, 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 Decatur is 0.70%, higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Decatur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decatur 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 Decatur's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in the area is 0.70%, while the lowest median tax rate is 0.40%. Understanding how these cities compare with Decatur provides valuable insights into the varying tax landscape across Avery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Decatur Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decatur, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30033 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Decatur, North Carolina
In Decatur, 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 Avery 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 Decatur, 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 Decatur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both $600, are found in the 30033 zip code, highlighting a uniform tax landscape.
Property Tax Assessment Values Across Decatur, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Decatur Assessed Value
$150,000
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decatur, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30033 | $150,000 | $150,000 | $150,000 | $150,000 | $150,000 |
Source: Ownwell
Property Tax Bills Across Decatur, North Carolina
In Decatur, Avery County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $150,000, the tax bill typically falls around $600, which is consistent across various percentiles, including the 25th, 75th, and 90th. This uniformity indicates a stable tax rate in the area. Several factors influence the assessed value, including the home's size, location, and condition. Homeowners in Decatur benefit from a relatively low property tax rate compared to the national median rate of 0.99%. This lower tax burden can make homeownership more affordable and attractive in the area. Understanding how these factors affect property tax bills can help homeowners budget more effectively and potentially identify opportunities for tax savings through exemptions or appeals.
Average Decatur Tax Bill
$600
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Decatur, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30033 | $600 | $600 | $600 | $600 | $600 |
Source: Ownwell