Scottville, North Carolina Property Taxes
The median property tax rate in Scottville, NC is 0.75%, 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 $117,900 in Scottville, the typical annual property tax bill amounts to $873, significantly below the national median of $2,690. Property taxes in Scottville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Scottville'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 Scottville or another part of Alleghany County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scottville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$884
$821
Ownwell’s Scottville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Scottville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scottville to provide an estimate of your property tax bill. This intuitive tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, serves as the basis for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Scottville, North Carolina
Property taxes in Scottville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scottville is 0.75%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Scottville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scottville 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 Scottville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28672 zip code has the highest median property tax rate of 0.75%, while the 28672 zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Scottville 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.
Average Scottville Tax Rate
0.75%
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 Scottville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28672 | 0.70% | 0.72% | 0.75% | 0.77% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Scottville, North Carolina
In Scottville, 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 Scottville, 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 Scottville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28672 has the highest and lowest median tax bill at $873.
Property Tax Assessment Values Across Scottville, North Carolina
Source: Ownwell
$117,900
$168,300
$218,700
Average Scottville Assessed Value
$117,900
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 Scottville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28672 | $71,540 | $91,125 | $117,900 | $209,900 | $287,670 |
Source: Ownwell
Property Tax Bills Across Scottville, North Carolina
In Scottville, property tax bills are calculated based on the assessed value of a home, which is determined by the Alleghany County tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's size, location, and condition play a significant role in its assessed value. For instance, the median home price in Scottville is $117,900, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile can expect a tax bill of approximately $702, while those in the 75th percentile might see bills around $1,477. For the top 10% of properties, tax bills can reach up to $1,906. The highest median tax bill recorded in the area is $873. These property taxes are crucial as they fund local services such as schools, emergency services, and infrastructure, directly impacting the quality of life for Scottville residents. Comparatively, the national median property tax rate is 0.99%, making Scottville's rates a vital consideration for homeowners.
Average Scottville Tax Bill
$873
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 Scottville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28672 | $561 | $702 | $873 | $1,477 | $1,906 |
Source: Ownwell