Charleston, North Carolina Property Taxes
The median property tax rate in Charleston, 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 Charleston at $189,700, the typical annual property tax bill amounts to $804, which is well below the national median of $2,690. Property taxes in Charleston are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Charleston'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 Charleston or another part of Avery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charleston, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$759
$704
Ownwell’s Charleston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charleston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charleston 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 Charleston, North Carolina
Property taxes in Charleston, 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 Charleston is 0.40%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Charleston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charleston 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 Charleston's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 29409 has the highest median property tax rate of 0.42%, while zip code 29412 has the lowest median tax rate of 0.40%. Understanding how these cities compare with Charleston 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 Charleston 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 Charleston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29407 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 29409 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
| 29412 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 29492 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Charleston, North Carolina
In Charleston, 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 Charleston, 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. For instance, the median home price in Charleston is $189,700, with tax bills ranging from $500 at the 25th percentile to $1,936 at the 90th percentile. The highest median tax bill is $2,627 in zip code 29412, while the lowest is $700 in zip code 29492. 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 Charleston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Charleston, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Charleston Assessed Value
$189,700
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 Charleston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29407 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| 29409 | $189,700 | $189,700 | $189,700 | $189,700 | $189,700 |
| 29412 | $165,000 | $187,500 | $225,001 | $440,850 | $570,360 |
| 29492 | $135,000 | $150,000 | $175,000 | $200,001 | $215,001 |
Source: Ownwell
Property Tax Bills Across Charleston, North Carolina
In Charleston, located in Avery County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is typically a percentage of the market value of the property. Homeowners in Charleston can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $500, while the 75th percentile tax bill reaches approximately $900. At the 90th percentile, tax bills can soar up to $1,936. The median home price in Charleston is $189,700, which influences the overall tax burden on homeowners. When compared to the national median property tax rate of 0.99%, Charleston's tax rates can be considered moderate. However, individual tax bills can differ based on specific factors such as the property's location within the city, any applicable exemptions, and improvements made to the property. These variations in tax bills can significantly impact homeowners' annual financial planning and budgeting.
Average Charleston Tax Bill
$804
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Charleston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29407 | $16 | $16 | $16 | $16 | $16 |
| 29409 | $804 | $804 | $804 | $804 | $804 |
| 29412 | $2,627 | $2,627 | $2,627 | $2,627 | $2,627 |
| 29492 | $540 | $600 | $700 | $800 | $860 |
Source: Ownwell