Beech Mountain, North Carolina Property Taxes
The median property tax rate in Beech Mountain, NC is 1.02%, slightly above the national median of 0.99% and significantly higher than North Carolina's state median of 0.82%. With a median home value of $334,200, the typical annual property tax bill in Beech Mountain reaches $3,386, surpassing the national median of $2,690. Property taxes in Beech Mountain are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Beech Mountain'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 Beech Mountain 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
Beech Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$3,409
Ownwell’s Beech Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beech Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beech Mountain 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 Beech Mountain, North Carolina
Property taxes in Beech Mountain, 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 Beech Mountain is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Beech Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beech Mountain 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 Beech Mountain's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28604 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these figures compare with Beech Mountain provides valuable insights into the varying tax landscape across Watauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beech Mountain Tax Rate
1.02%
Average Watauga County Tax Rate
0.41%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beech Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | 1.01% | 1.01% | 1.02% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Beech Mountain, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beech Mountain, 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 Watauga 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. Assessment notices in Beech Mountain 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 Beech Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3386, found in zip code 28604.
Property Tax Assessment Values Across Beech Mountain, North Carolina
Source: Ownwell
$191,700
$327,575
$463,450
Average Beech Mountain Assessed Value
$334,200
Average Watauga County Assessed Value
$321,300
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beech Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | $156,440 | $233,200 | $334,200 | $488,350 | $676,780 |
Source: Ownwell
Property Tax Bills Across Beech Mountain, North Carolina
In Beech Mountain, located in Watauga County, NC, property tax bills are calculated based on the assessed value of your home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For example, with a median home price of $334,200, homeowners can expect their tax bills to vary significantly. Tax bills in the 25th percentile are around $2,331, while those in the 75th percentile can reach up to $4,910. For those in the 90th percentile, tax bills can be as high as $6,808. These tax amounts can have a substantial impact on homeowners, influencing their overall cost of living and potentially their financial planning. Compared to the national median property tax rate of 0.99%, Beech Mountain's property tax rates may seem relatively high, but they are reflective of the area's property values and local government funding needs. Understanding these factors can help homeowners better anticipate and manage their annual property tax obligations.
Average Beech Mountain Tax Bill
$3,386
Average Watauga County Tax Bill
$1,552
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Beech Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | $1,587 | $2,331 | $3,386 | $4,910 | $6,808 |
Source: Ownwell