Savannah, North Carolina Property Taxes
The median property tax rate in Savannah, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Savannah at $450,850, the typical annual property tax bill amounts to $1,834, which is well below the national median of $2,690. Property taxes in Savannah are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Savannah'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 Savannah or another part of Avery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Savannah, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,803
Ownwell’s Savannah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Savannah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Savannah 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 Savannah, North Carolina
Property taxes in Savannah, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Savannah is 0.40%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Savannah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Savannah 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 Savannah's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 31411 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 Savannah 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 Savannah 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 Savannah, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31411 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Savannah, North Carolina
In Savannah, 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 Savannah, 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 Savannah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Savannah are both $1834, found in the zip code 31411.
Property Tax Assessment Values Across Savannah, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Savannah Assessed Value
$450,850
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 Savannah, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31411 | $444,730 | $447,025 | $450,850 | $454,675 | $456,970 |
Source: Ownwell
Property Tax Bills Across Savannah, North Carolina
In Savannah, located in Avery County, NC, property tax bills are determined by several factors. The primary factor is the assessed value of a home, which is calculated based on the market value of the property. For instance, with a median home price of $450,850, the assessed value plays a significant role in the final tax bill. The tax rate is then applied to this assessed value to calculate the total property tax due. Homeowners in Savannah can expect a median property tax bill of $1,834, which is significantly lower than the national median property tax rate of 0.99%. This consistent tax bill amount can be observed across various percentiles, including the 25th, 75th, and 90th percentiles, all reporting the same figure of $1,834. This uniformity suggests a stable and predictable property tax environment for homeowners, providing a clear understanding of their financial obligations. Such predictability can be beneficial for budgeting and financial planning, ensuring homeowners are well-prepared for their annual property tax payments.
Average Savannah Tax Bill
$1,834
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Savannah, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31411 | $1,834 | $1,834 | $1,834 | $1,834 | $1,834 |
Source: Ownwell