Pisgah Forest, North Carolina Property Taxes
The median property tax rate in Pisgah Forest, NC is 0.66%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Pisgah Forest being $214,625, the typical annual property tax bill amounts to $1,381, significantly below the national median of $2,690. Property taxes in Pisgah Forest are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Pisgah Forest's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Pisgah Forest or another part of Transylvania County, grasping the local property tax system will provide financial benefits.
Last Updated June 14, 2024
Pisgah Forest, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,417
Ownwell’s Pisgah Forest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pisgah Forest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pisgah Forest 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 Pisgah Forest, North Carolina
Property taxes in Pisgah Forest, 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 Pisgah Forest is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Pisgah Forest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pisgah Forest 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 Pisgah Forest's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28768 has both the highest and lowest median property tax rate of 0.66%, reflecting a consistent tax rate across Pisgah Forest. Understanding how these rates compare with Pisgah Forest 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 Pisgah Forest 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 Pisgah Forest, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28768 | 0.60% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Pisgah Forest, North Carolina
In Pisgah Forest, 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 Pisgah Forest, 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 Pisgah Forest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1381 in zip code 28768, which is also the lowest median tax bill, providing a consistent reference point for property owners.
Property Tax Assessment Values Across Pisgah Forest, North Carolina
Source: Ownwell
$116,555
$185,613
$254,670
Average Pisgah Forest Assessed Value
$214,625
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 Pisgah Forest, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28768 | $85,958 | $137,910 | $214,625 | $322,288 | $453,418 |
Source: Ownwell
Property Tax Bills Across Pisgah Forest, North Carolina
In Pisgah Forest, Transylvania County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Pisgah Forest face varying tax bills, influenced by factors such as property size, location, and any applicable exemptions. The median home price in Pisgah Forest is $214,625, and property tax bills can range significantly. For instance, the 25th percentile tax bill is $857, while the 75th percentile reaches $2,088, and the 90th percentile goes up to $2,896. These figures highlight the variability in tax obligations depending on the property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Pisgah Forest's property tax rates can be quite impactful for homeowners. A higher assessed value or lack of exemptions can lead to a substantial tax bill, affecting the overall cost of homeownership in the area.
Average Pisgah Forest Tax Bill
$1,381
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 Pisgah Forest, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28768 | $492 | $857 | $1,381 | $2,088 | $2,896 |
Source: Ownwell