Todd, North Carolina Property Taxes
The median property tax rate in Todd, NC is 0.50%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $369,300 in Todd, the typical annual property tax bill amounts to $1,791, which is well below the national median of $2,690. Property taxes in Todd are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Todd'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 Todd 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
Todd, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,847
$1,714
Ownwell’s Todd Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Todd with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Todd 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 Todd, North Carolina
Property taxes in Todd, 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 Todd is 0.50%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Todd set these rates annually, and they can vary significantly across different neighborhoods. Each year, Todd 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 Todd's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28684 zip code has both the highest and lowest median property tax rate of 0.50%. Understanding how these cities compare with Todd 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 Todd 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 Todd, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28684 | 0.48% | 0.48% | 0.50% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Todd, North Carolina
In Todd, 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 Todd, 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 Todd helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 28684, which stands at $1791.
Average Todd Assessed Value
$369,300
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 Todd, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28684 | $76,260 | $175,550 | $369,300 | $519,700 | $670,960 |
Source: Ownwell
Property Tax Bills Across Todd, North Carolina
In Todd, located in Ashe County, NC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Todd is $369,300. Homeowners in this area can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is $837, while the 75th percentile tax bill climbs to $2,521, and the 90th percentile tax bill reaches $3,243. These values indicate a range of what homeowners might pay, influenced by factors such as property size, location, and improvements. For comparison, the national median property tax rate is 0.99%, which helps to contextualize Todd's rates within a broader scope. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual expenses and long-term budgeting. Todd's property tax rates reflect local funding needs for services such as schools, infrastructure, and public safety, directly affecting community quality of life.
Average Todd Tax Bill
$1,791
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 Todd, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28684 | $357 | $837 | $1,791 | $2,521 | $3,243 |
Source: Ownwell