Bryson City, North Carolina Property Taxes
The median property tax rate in Bryson City, NC is 0.44%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $148,305 in Bryson City, the typical annual property tax bill is $648, well below the national median of $2,690. Property taxes in Bryson City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Bryson City'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 Bryson City or another part of Swain County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bryson City, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$653
Ownwell’s Bryson City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bryson City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryson City 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 Bryson City, North Carolina
Property taxes in Bryson City, North Carolina, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Bryson City is 0.44%, which is lower than the U.S. national median of 0.99%. Local government entities within Bryson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryson City 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 Bryson City's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28713 has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Bryson City provides valuable insights into the varying tax landscape across Swain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bryson City Tax Rate
0.44%
Average Swain County Tax Rate
0.44%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28713 | 0.36% | 0.40% | 0.44% | 0.49% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Bryson City, North Carolina
In Bryson City, 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 Swain 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 Bryson City, 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 Bryson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28713 has both the highest and lowest median tax bill at $648.
Property Tax Assessment Values Across Bryson City, North Carolina
Source: Ownwell
$132,630
$289,835
$447,040
Average Bryson City Assessed Value
$148,305
Average Swain County Assessed Value
$144,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bryson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28713 | $57,704 | $88,795 | $148,305 | $240,658 | $371,360 |
Source: Ownwell
Property Tax Bills Across Bryson City, North Carolina
In Bryson City, located in Swain County, NC, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $148,305, homeowners can expect their tax bills to vary. At the 25th percentile, the tax bill is approximately $423, while at the 75th percentile, it rises to around $991. For those in the 90th percentile, the tax bill can reach up to $1,455. Several factors influence these tax bills, including property size, location, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, Bryson City's tax rates reflect a more localized approach to property valuation and taxation. This impacts homeowners by dictating a significant portion of their annual expenses, making it crucial for them to understand how their property is assessed and taxed. The highest and lowest median tax bills in the area both stand at $648, specifically in the zip code 28713, indicating a relatively stable tax environment.
Average Bryson City Tax Bill
$648
Average Swain County Tax Bill
$651
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28713 | $290 | $423 | $648 | $991 | $1,455 |
Source: Ownwell