Black Mountain, North Carolina Property Taxes
The median property tax rate in Black Mountain, 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 Black Mountain, the typical annual property tax bill is $154, far below the national median of $2,690. Property taxes in Black Mountain are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Black Mountain'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 Black Mountain 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
Black Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$154
$143
Ownwell’s Black Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Black Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Black Mountain 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 Black Mountain, North Carolina
Property taxes in Black Mountain, 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 Black Mountain is 0.40%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Black Mountain set these rates annually, and they can vary across different neighborhoods. Each year, Black Mountain 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 Black Mountain's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28711 has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Black Mountain 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 Black Mountain 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 Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Black Mountain, North Carolina
In Black Mountain, 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 Black Mountain, 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 Black Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $38,500, with the highest and lowest median tax bills both being $154 in the 28711 zip code.
Property Tax Assessment Values Across Black Mountain, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Black Mountain Assessed Value
$38,500
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 Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | $38,500 | $38,500 | $38,500 | $38,500 | $38,500 |
Source: Ownwell
Property Tax Bills Across Black Mountain, North Carolina
In Black Mountain, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is then multiplied by the local property tax rate. For Black Mountain, the median home price is $38,500, and the property tax rate is relatively low compared to the national median of 0.99%. In fact, property tax bills in Black Mountain are quite consistent, with the 25th, 75th, and 90th percentiles all having tax bills of $154. This uniformity indicates that the property tax burden is evenly distributed among homeowners. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Black Mountain benefit from lower property tax bills, which can ease the financial burden and make homeownership more affordable. This stability in tax bills also provides predictability, allowing homeowners to budget more effectively without worrying about significant fluctuations in their annual property taxes.
Average Black Mountain Tax Bill
$154
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | $154 | $154 | $154 | $154 | $154 |
Source: Ownwell