Saluda, North Carolina Property Taxes
The median property tax rate in Saluda, NC is 0.47%, 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 Saluda at $341,400, the typical annual property tax bill amounts to $1,545, well below the national median of $2,690. Property taxes in Saluda 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 Saluda'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 Saluda 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
Saluda, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,605
Ownwell’s Saluda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saluda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saluda 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 Saluda, North Carolina
Property taxes in Saluda, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saluda is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Saluda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saluda 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 Saluda's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28773 has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Saluda provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saluda Tax Rate
0.47%
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 Saluda, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28773 | 0.36% | 0.43% | 0.47% | 0.50% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Saluda, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saluda, North Carolina. 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 Saluda, 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. For instance, the median home price in Saluda is $341,400, with 25th percentile tax bills around $811 and 75th percentile tax bills reaching $2,407. The highest and lowest median tax bill in the area is $1,545, specifically in the 28773 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saluda Assessed Value
$341,400
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 Saluda, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28773 | $83,920 | $172,700 | $341,400 | $522,300 | $731,160 |
Source: Ownwell
Property Tax Bills Across Saluda, North Carolina
In Saluda, property tax bills are calculated based on the assessed value of a home, which is determined by the Henderson County tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $341,400, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $811, while the 75th percentile reaches up to $2,407, and the 90th percentile can be as high as $3,568. This variation highlights how different factors, such as property location and improvements, can influence tax amounts. Compared to the national median property tax rate of 0.99%, Saluda's property tax rates reflect the specific economic and real estate conditions of Henderson County. Homeowners in Saluda should be aware of these factors as they directly impact their annual financial obligations and the overall affordability of homeownership in the area.
Average Saluda Tax Bill
$1,545
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 Saluda, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28773 | $375 | $811 | $1,545 | $2,407 | $3,568 |
Source: Ownwell