Ridgeland, North Carolina Property Taxes
The median property tax rate in Ridgeland, North Carolina 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 $242,900 in Ridgeland, the typical annual property tax bill is $972, which is well below the national median of $2,690. Property taxes in Ridgeland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ridgeland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ridgeland 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
Ridgeland, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$972
Ownwell’s Ridgeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgeland 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 Ridgeland, North Carolina
Property taxes in Ridgeland, 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 Ridgeland is 0.40%, significantly lower than the U.S. national median of 0.99%. Local government entities within Ridgeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgeland 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 Ridgeland's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 39157 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 Ridgeland 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 Ridgeland 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 Ridgeland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39157 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Ridgeland, North Carolina
In Ridgeland, 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 Ridgeland, 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 Ridgeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ridgeland, the zip code 39157 has both the highest and lowest median tax bill, which is $972.
Property Tax Assessment Values Across Ridgeland, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Ridgeland Assessed Value
$242,900
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 Ridgeland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39157 | $242,900 | $242,900 | $242,900 | $242,900 | $242,900 |
Source: Ownwell
Property Tax Bills Across Ridgeland, North Carolina
In Ridgeland, Avery County, NC, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Ridgeland is $242,900, which serves as a foundation for determining the tax bill. The local tax rate is applied to this assessed value to calculate the annual tax obligation. For homeowners in Ridgeland, the tax bill at the 25th, 75th, and 90th percentiles is consistently $972. This uniformity suggests a stable tax rate across different property values. Factors that influence the tax bill include the assessed property value, which is periodically evaluated to reflect market conditions, and any applicable exemptions or deductions. Comparatively, the national median property tax rate is 0.99%, making Ridgeland's tax environment relatively manageable for homeowners. The consistent tax bills across various percentiles indicate predictability, allowing homeowners to budget more effectively. This stability in property tax bills can significantly impact financial planning and homeownership affordability in the region.
Average Ridgeland Tax Bill
$972
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgeland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39157 | $972 | $972 | $972 | $972 | $972 |
Source: Ownwell