Creston, North Carolina Property Taxes
The median property tax rate in Creston, NC is 0.50%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Creston, the typical annual property tax bill reaches $821, significantly below the national median of $2,690. Property taxes in Creston are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Creston'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 Creston 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
Creston, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$885
Ownwell’s Creston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creston 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 Creston, North Carolina
Property taxes in Creston, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Creston is 0.50%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Creston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creston 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 Creston's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28615 has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Creston provides valuable insights into the varying tax landscape across Ashe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Creston Tax Rate
0.50%
Average Ashe County Tax Rate
0.48%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28615 | 0.33% | 0.50% | 0.50% | 0.51% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Creston, North Carolina
In Creston, 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 Ashe 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 Creston, 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. For example, the median home price in Creston is $177,050, with tax bills ranging from $419 at the 25th percentile to $2,020 at the 90th percentile. The zip code 28615 has both the highest and lowest median tax bills at $821. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Creston, North Carolina
Source: Ownwell
$175,200
$272,250
$369,300
Average Creston Assessed Value
$177,050
Average Ashe County Assessed Value
$228,400
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Creston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28615 | $36,840 | $90,600 | $177,050 | $281,975 | $438,370 |
Source: Ownwell
Property Tax Bills Across Creston, North Carolina
In Creston, Ashe County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $177,050, homeowners can expect varying tax bills depending on their property's specific assessed value and any applicable exemptions. Several factors influence the final tax bill, including the property's location, size, and any improvements made. In Creston, the 25th percentile tax bill is around $419, while the 75th percentile reaches $1,327, and the 90th percentile can be as high as $2,020. These figures indicate the range homeowners might expect to pay, with the median tax bill in the area being $821, which is significantly lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Creston Tax Bill
$821
Average Ashe County Tax Bill
$1,108
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Creston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28615 | $172 | $419 | $821 | $1,327 | $2,020 |
Source: Ownwell