Aiken, North Carolina Property Taxes
The median property tax rate in Aiken, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Aiken, the typical annual property tax bill is just $9, far below the national median of $2,690. Property taxes in Aiken are calculated based on the assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Aiken'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 Aiken 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
Aiken, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$9
Ownwell’s Aiken Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Aiken with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Aiken to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Aiken, North Carolina
Property taxes in Aiken, 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 Aiken is 0.40%, significantly lower than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Aiken set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aiken 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 Aiken's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28704 has the highest median property tax rate of 0.80%, while zip code 27501 has the lowest median tax rate of 0.50%. Understanding how these cities compare with Aiken provides valuable insights into the varying tax landscape across Avery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aiken Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aiken, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29803 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Aiken, North Carolina
In Aiken, 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 Avery 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 Aiken, 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 Aiken helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Aiken, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Aiken Assessed Value
$2,200
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aiken, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29803 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 |
Source: Ownwell
Property Tax Bills Across Aiken, North Carolina
In Aiken, located in Avery County, NC, property tax bills are determined based on the assessed value of the property. This assessed value is derived from the market value, which is estimated by the county's tax assessor. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Aiken, the median home price is $2,200, and the property tax rate in Avery County is relatively low compared to the national median property tax rate of 0.99%. Consequently, homeowners in this area tend to have lower property tax bills. For example, the 25th, 75th, and 90th percentiles of tax bills in Aiken are all $9, indicating a consistent and manageable tax burden for residents. These factors collectively ensure that property taxes in Aiken are affordable, providing financial relief for homeowners while still supporting local public services and infrastructure. This balance helps maintain the community's quality of life without placing undue financial strain on property owners.
Average Aiken Tax Bill
$9
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Aiken, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29803 | $9 | $9 | $9 | $9 | $9 |
Source: Ownwell