Piney Creek, Alleghany County, North Carolina Property Taxes
The median property tax rate in Piney Creek, NC is 0.70%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $194,350 in Piney Creek, the typical annual property tax bill amounts to $1,271, falling well below the national median of $2,690. Property taxes in Piney Creek are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Piney Creek'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 Piney Creek or elsewhere in Alleghany County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Piney Creek, Alleghany County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,360
$1,262
Ownwell’s Piney Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Piney Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piney Creek 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 Piney Creek, Alleghany County, North Carolina
Property taxes in Piney Creek, North Carolina, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Piney Creek is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Piney Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piney Creek 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 Piney Creek's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28663 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how Piney Creek compares with other areas provides valuable insights into the varying tax landscape across Alleghany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Piney Creek, Alleghany County, North Carolina
Source: Ownwell
0.68%
0.71%
0.75%
Average Piney Creek Tax Rate
0.70%
Average Alleghany County Tax Rate
0.70%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Piney Creek, Alleghany County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28663 | 0.42% | 0.69% | 0.70% | 0.73% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Piney Creek, Alleghany County, North Carolina
In Piney Creek, 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 Alleghany 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 Piney Creek, 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 Piney Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Piney Creek is $194,350, with tax bills ranging from $804 at the 25th percentile to $2,107 at the 90th percentile. The zip code 28663 has both the highest and lowest median tax bill at $1,271.
Property Tax Assessment Values Across Piney Creek, Alleghany County, North Carolina
Source: Ownwell
$117,900
$168,300
$218,700
Average Piney Creek Assessed Value
$194,350
Average Alleghany County Assessed Value
$157,000
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Piney Creek, Alleghany County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28663 | $72,110 | $129,425 | $194,350 | $266,275 | $344,130 |
Source: Ownwell
Property Tax Bills Across Piney Creek, Alleghany County, North Carolina
Property tax bills in Piney Creek, located in Alleghany County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by county assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For Piney Creek, the median home price is $194,350, and property tax bills vary significantly. Homeowners at the 25th percentile pay around $804 annually, while those at the 75th percentile pay approximately $1,689. At the 90th percentile, the tax bill can reach up to $2,107. The highest and lowest median tax bills in the area are both $1,271, indicating a consistent valuation approach within the zip code 28663. These property taxes fund essential local services such as public schools, infrastructure, and emergency services. For homeowners, understanding how their property tax bill is calculated helps in financial planning and ensuring they are prepared for these annual expenses.
Property Tax Bills Across Piney Creek, Alleghany County, North Carolina
Source: Ownwell
$862
$1,131
$1,400
Average Piney Creek Tax Bill
$1,271
Average Alleghany County Tax Bill
$1,019
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Piney Creek, Alleghany County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28663 | $474 | $804 | $1,271 | $1,689 | $2,107 |
Source: Ownwell