Marble, North Carolina Property Taxes
The median property tax rate in Marble, NC is 0.73%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $91,870 in Marble, the typical annual property tax bill amounts to $659, significantly below the national median of $2,690. Property taxes in Marble are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marble'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 Marble or another part of Cherokee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marble, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$671
Ownwell’s Marble Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marble with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marble 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 Marble, North Carolina
Property taxes in Marble, 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 Marble is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Marble set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marble 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 Marble's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28905 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these areas compare with Marble provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marble Tax Rate
0.73%
Average Cherokee County Tax Rate
0.71%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marble, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28905 | 0.59% | 0.69% | 0.73% | 0.79% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Marble, North Carolina
In Marble, 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 Cherokee 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 Marble, 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 Marble helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Marble are both $659, found in the 28905 zip code.
Average Marble Assessed Value
$91,870
Average Cherokee County Assessed Value
$128,225
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marble, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28905 | $20,596 | $43,535 | $91,870 | $160,715 | $237,384 |
Source: Ownwell
Property Tax Bills Across Marble, North Carolina
In Marble, NC, located in Cherokee County, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Marble is $91,870. Homeowners can expect their property tax bill to fall within a range, with the 25th percentile at $328 and the 75th percentile at $1,134. The tax bill at the 90th percentile reaches $1,615. These figures indicate a significant variation in tax bills, influenced by factors such as property size, location, and improvements. For homeowners, understanding these factors is essential as they directly impact the annual tax obligation. Compared to the national median property tax rate of 0.99%, Marble's property tax rates are relatively moderate. The highest and lowest median tax bills both stand at $659 in the ZIP code 28905, reflecting a consistent assessment approach within that area. This consistency helps homeowners predict their potential tax liabilities more accurately, aiding in better financial planning and budgeting.
Average Marble Tax Bill
$659
Average Cherokee County Tax Bill
$869
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Marble, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28905 | $136 | $328 | $659 | $1,134 | $1,615 |
Source: Ownwell