Marietta, North Carolina Property Taxes
The median property tax rate in Marietta, NC is 0.40%, significantly lower than both the national median of 0.99% and North Carolina's state median of 0.82%. With a median home value of $20,300 in Marietta, the typical annual property tax bill is just $81, far below the national median of $2,690. Property taxes in Marietta are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Marietta'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 Marietta or another part of Avery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marietta, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$81
Ownwell’s Marietta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marietta 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 Marietta, North Carolina
Property taxes in Marietta, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marietta 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 Marietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marietta 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 Marietta's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 30066 zip code has the highest median property tax rate of 0.40%, while the 30066 zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Marietta 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 Marietta 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 Marietta, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30066 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Marietta, North Carolina
In Marietta, 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 Marietta, 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 Marietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Marietta, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Marietta Assessed Value
$20,300
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 Marietta, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30066 | $20,300 | $20,300 | $20,300 | $20,300 | $20,300 |
Source: Ownwell
Property Tax Bills Across Marietta, North Carolina
In Marietta, Avery County, NC, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $20,300, homeowners can expect their property tax bill to be around $81, which is consistent across the 25th, 75th, and 90th percentiles. Several factors influence the assessed value, including the property's size, location, and condition. Local government budgets and funding requirements for public services like schools, infrastructure, and emergency services also play a crucial role in determining the tax rate. Compared to the national median property tax rate of 0.99%, Marietta's property tax rate appears to be significantly lower, offering homeowners a relatively affordable tax burden. This lower tax rate can make homeownership more accessible and financially manageable for residents in the area.
Average Marietta Tax Bill
$81
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Marietta, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30066 | $81 | $81 | $81 | $81 | $81 |
Source: Ownwell