Hendersonvlle, North Carolina Property Taxes
The median property tax rate in Hendersonville, NC is 0.63%, which is 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 Hendersonville at $307,200, the typical annual property tax bill is $1,924, falling well below the national median of $2,690. Property taxes in Hendersonville are calculated based on the tax assessed value, which often comes in below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hendersonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Hendersonville or another part of the city, comprehending the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Hendersonvlle, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,935
Ownwell’s Hendersonville Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Hendersonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hendersonville to project your property tax bill. This intuitive tool provides a clear understanding of potential tax liabilities, making it easier for you to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions, ensuring an accurate estimate.
Property Tax Rates Across Hendersonvlle, North Carolina
Property taxes in Hendersonville, 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 Hendersonville is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Hendersonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hendersonville 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 Hendersonville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28792 has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Hendersonville provides valuable insights into the varying tax landscape across Buncombe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hendersonvlle Tax Rate
0.63%
Average Buncombe County Tax Rate
0.63%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hendersonvlle, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28792 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Hendersonvlle, North Carolina
In Hendersonville, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Buncombe 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 Hendersonville, 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 Hendersonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,924 in zip code 28792, offering a consistent tax expectation across the area.
Property Tax Assessment Values Across Hendersonvlle, North Carolina
Source: Ownwell
$42,650
$322,775
$602,900
Average Hendersonvlle Assessed Value
$307,200
Average Buncombe County Assessed Value
$268,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hendersonvlle, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28792 | $307,200 | $307,200 | $307,200 | $307,200 | $307,200 |
Source: Ownwell
Property Tax Bills Across Hendersonvlle, North Carolina
In Hendersonville, located in Buncombe County, NC, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and reflects the market value of the home. Homeowners in Hendersonville can expect a median property tax bill of $1,924, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, size, and any improvements made. The assessed value is multiplied by the local tax rate to determine the annual tax bill. This process ensures that property taxes are fairly distributed based on the value of each property. For homeowners, understanding how their property tax bill is calculated is crucial for financial planning. The relatively lower property tax bills in Hendersonville can make homeownership more affordable compared to other regions, providing a financial advantage for residents.
Average Hendersonvlle Tax Bill
$1,924
Average Buncombe County Tax Bill
$1,904
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hendersonvlle, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28792 | $1,924 | $1,924 | $1,924 | $1,924 | $1,924 |
Source: Ownwell