Anderson, North Carolina Property Taxes
The median property tax rate in Anderson, NC is 0.31%, 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 $402,200 in Anderson, the typical annual property tax bill amounts to $1,254, which is well below the national median of $2,690. Property taxes in Anderson are 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 Anderson'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 Anderson or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Anderson, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$1,247
$1,157
Ownwell’s Anderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anderson 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 Anderson, North Carolina
Property taxes in Anderson, North Carolina, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Anderson is 0.31%, which is 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 Anderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anderson 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 Anderson's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28202 has the highest median property tax rate of 1.05%, while zip code 27801 has the lowest median tax rate of 0.25%. Understanding how these cities compare with Anderson 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 Anderson Tax Rate
0.31%
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 Anderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29621 | 0.31% | 0.31% | 0.31% | 0.31% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Anderson, North Carolina
In Anderson, 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 Anderson, 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 Anderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Anderson are both $1,254, found in the 29621 zip code.
Property Tax Assessment Values Across Anderson, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Anderson Assessed Value
$402,200
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 Anderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29621 | $402,200 | $402,200 | $402,200 | $402,200 | $402,200 |
Source: Ownwell
Property Tax Bills Across Anderson, North Carolina
In Anderson, Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. This assessed value is typically a percentage of the market value of the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors considered in determining the assessed value include the property's location, size, and condition. In Anderson, the median home price is $402,200, and the median property tax bill is $1,254, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in Anderson benefit from relatively low property tax bills, making it an attractive place for property investment. For example, in the zip code 29621, both the highest and lowest median tax bills are $1,254, indicating a consistent tax rate across different property values. This consistency provides homeowners with predictability in their annual tax expenses, contributing to financial stability.
Average Anderson Tax Bill
$1,254
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Anderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29621 | $1,254 | $1,254 | $1,254 | $1,254 | $1,254 |
Source: Ownwell