Prairieville, North Carolina Property Taxes
The median property tax rate in Prairieville, 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 $790,300 in Prairieville, the typical annual property tax bill amounts to $3,161, surpassing the national median of $2,690. Property taxes in Prairieville are calculated based on the assessed value, which generally falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Prairieville'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 Prairieville 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
Prairieville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$3,161
Ownwell’s Prairieville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prairieville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prairieville 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 Prairieville, North Carolina
Property taxes in Prairieville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prairieville 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 Prairieville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prairieville 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 Prairieville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 70769 zip code has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Prairieville 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 Prairieville 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 Prairieville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70769 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Prairieville, North Carolina
In Prairieville, 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 Prairieville, 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. Prairieville's median home price is $790,300, with the highest and lowest median tax bills both at $3,161 in the 70769 zip code. Understanding these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Prairieville, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Prairieville Assessed Value
$790,300
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 Prairieville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70769 | $790,300 | $790,300 | $790,300 | $790,300 | $790,300 |
Source: Ownwell
Property Tax Bills Across Prairieville, North Carolina
In the city of Prairieville, located in Avery County, NC, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Prairieville can expect a property tax rate that aligns closely with the national median property tax rate of 0.99%. For a home with a median price of $790,300, the property tax bill typically amounts to $3,161. This figure is consistent across different percentiles, indicating a stable and predictable tax environment. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for residents. Understanding how property tax bills are calculated helps homeowners budget more effectively and ensures they are prepared for their annual tax obligations.
Average Prairieville Tax Bill
$3,161
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Prairieville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70769 | $3,161 | $3,161 | $3,161 | $3,161 | $3,161 |
Source: Ownwell