Etowah, North Carolina Property Taxes
The median property tax rate in Etowah, NC is 0.43%, 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 Etowah at $332,800, the typical annual property tax bill amounts to $1,412, well below the national median of $2,690. Property taxes in Etowah are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Etowah'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 Etowah or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Etowah, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,431
Ownwell’s Etowah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Etowah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Etowah 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 Etowah, North Carolina
Property taxes in Etowah, North Carolina, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Etowah is 0.43%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Etowah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Etowah 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 Etowah's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28729 has both the highest and lowest median property tax rate of 0.43%. Understanding how these areas compare with Etowah provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Etowah Tax Rate
0.43%
Average Henderson County Tax Rate
0.44%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etowah, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28729 | 0.35% | 0.41% | 0.43% | 0.47% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Etowah, North Carolina
In Etowah, 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 Henderson 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 Etowah, 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 Etowah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1,412 in the 28729 zip code, which is also the lowest median tax bill in the region.
Average Etowah Assessed Value
$332,800
Average Henderson County Assessed Value
$308,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Etowah, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28729 | $184,480 | $245,950 | $332,800 | $419,300 | $496,080 |
Source: Ownwell
Property Tax Bills Across Etowah, North Carolina
In Etowah, Henderson County, NC, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of your property. Once the assessed value is established, it is multiplied by the local tax rate to calculate your annual tax bill. For instance, with a median home price of $332,800, homeowners in Etowah can expect their property tax bills to vary. The 25th percentile tax bill is approximately $1,026, while the 75th percentile reaches about $1,805. At the 90th percentile, the tax bill can go up to $2,204. Comparatively, the national median property tax rate is 0.99%, making Etowah's property tax landscape relatively moderate. Homeowners should be aware that higher home values or improvements can lead to increased tax bills, affecting overall affordability. Conversely, exemptions and appeals can potentially reduce the financial burden.
Average Etowah Tax Bill
$1,412
Average Henderson County Tax Bill
$1,336
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Etowah, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28729 | $710 | $1,026 | $1,412 | $1,805 | $2,204 |
Source: Ownwell