Hendersonville, North Carolina Property Taxes
The median property tax rate in Hendersonville, NC is 0.66%, 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 $197,360 in Hendersonville, the typical annual property tax bill amounts to $1,299, well below the national median of $2,690. Property taxes in Hendersonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hendersonville'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 Hendersonville or another part of Transylvania County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hendersonville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,303
Ownwell’s Hendersonville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hendersonville with just two key data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Hendersonville to provide an accurate estimate of your property tax bill. This valuable resource helps you grasp potential tax liabilities and make informed decisions. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Hendersonville, North Carolina
Property taxes in Hendersonville, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hendersonville is 0.66%, which is significantly 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 counties in North Carolina and the national median. For comparison, the zip code 28739 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Hendersonville provides valuable insights into the varying tax landscape across Transylvania County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hendersonville Tax Rate
0.66%
Average Transylvania County Tax Rate
0.66%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Hendersonville, North Carolina
In Hendersonville, 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 Transylvania 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. For instance, the median home price in Hendersonville is $197,360, with tax bills ranging from $835 at the 25th percentile to $2,526 at the 90th percentile. The highest and lowest median tax bills are both found in the 28739 zip code, with a value of $1,299. 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.
Property Tax Assessment Values Across Hendersonville, North Carolina
Source: Ownwell
$116,555
$185,613
$254,670
Average Hendersonville Assessed Value
$197,360
Average Transylvania County Assessed Value
$218,910
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | $98,034 | $147,790 | $197,360 | $276,410 | $391,150 |
Source: Ownwell
Property Tax Bills Across Hendersonville, North Carolina
In Hendersonville, located in Transylvania County, NC, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in the area is $197,360. To determine the tax bill, the assessed value is multiplied by the tax rate set by the county. This rate is applied uniformly, ensuring a fair assessment across properties. Homeowners in Hendersonville can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $835, while the 75th percentile tax bill reaches approximately $1,820. For those at the 90th percentile, the tax bill can be as high as $2,526. The highest median tax bill in the zip code 28739 is $1,299, which is above the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Understanding how these factors come together helps homeowners anticipate their annual financial obligations and the benefits they receive in return.
Average Hendersonville Tax Bill
$1,299
Average Transylvania County Tax Bill
$1,388
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | $554 | $835 | $1,299 | $1,820 | $2,526 |
Source: Ownwell