Zionville, Ashe County, North Carolina Property Taxes
The median property tax rate in Zionville, 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 Zionville at $217,900, the typical annual property tax bill reaches $1,051, significantly below the national median of $2,690. Property taxes in Zionville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Zionville'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 Zionville 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
Zionville, Ashe County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,090
$1,011
Ownwell’s Zionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zionville 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 Zionville, Ashe County, North Carolina
Property taxes in Zionville, North Carolina, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Zionville is 0.67%, which is higher than the North Carolina state median of 0.70% but lower than the U.S. national median of 0.99%. Local government entities within Zionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zionville 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 Zionville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28698 zip code has the highest median property tax rate of 0.67%, while the 28698 zip code also has the lowest median tax rate of 0.67%. Understanding how these areas compare with Zionville 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 Zionville 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 Zionville, Ashe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28698 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Zionville, Ashe County, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Zionville, NC. 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 Zionville, 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 Zionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Zionville are both $1051, found in the 28698 zip code.
Property Tax Assessment Values Across Zionville, Ashe County, North Carolina
Source: Ownwell
$175,200
$272,250
$369,300
Average Zionville Assessed Value
$217,900
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 Zionville, Ashe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28698 | $76,000 | $138,450 | $217,900 | $349,750 | $443,260 |
Source: Ownwell
Property Tax Bills Across Zionville, Ashe County, North Carolina
In Zionville, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Zionville can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $614, while at the 75th percentile, it rises to $1,751, and at the 90th percentile, it reaches $2,232. The median home price in Zionville is $217,900, which plays a crucial role in determining the tax bill. Compared to the national median property tax rate of 0.99%, Zionville's property tax bills are influenced by local policies and the assessed values. These taxes fund essential services like public education, infrastructure, and emergency services, directly impacting the quality of life for residents. Homeowners should be aware of these factors as they significantly affect annual financial planning and long-term property investment decisions.
Average Zionville Tax Bill
$1,051
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 Zionville, Ashe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28698 | $383 | $614 | $1,051 | $1,751 | $2,232 |
Source: Ownwell