Henderson, North Carolina Property Taxes
The median property tax rate in Henderson, NC is 0.40%, significantly lower than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in Henderson at $38,500, the typical annual property tax bill is $154, far below the national median of $2,690. Property taxes in Henderson 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 Henderson'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 Henderson or another part of Avery County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Henderson, 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 Henderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson 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 Henderson, North Carolina
Property taxes in Henderson, 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 Henderson is 0.40%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Henderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henderson 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 Henderson's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 89052 zip code has the highest median property tax rate of 0.40%, while the 27537 zip code has the lowest median tax rate of 0.40%. Understanding how these cities compare with Henderson 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 Henderson 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 Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27537 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 89052 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, North Carolina
In Henderson, 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 Henderson, 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. Notably, the zip code 27537 has the highest median tax bill at $1,368, while the zip code 89052 has the lowest at $154. Being aware of these valuation processes in Henderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Henderson, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Henderson 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 Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27537 | $342,100 | $342,100 | $342,100 | $342,100 | $342,100 |
| 89052 | $16,100 | $35,000 | $38,500 | $38,500 | $46,120 |
Source: Ownwell
Property Tax Bills Across Henderson, North Carolina
In Henderson, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $38,500, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $144, while at the 75th percentile, it rises to $192. The 90th percentile sees a significant jump to $787. These tax bills are influenced by factors such as property size, location, and market conditions. Comparatively, Henderson's property tax rates can be seen as moderate when juxtaposed with national figures, where the median property tax rate stands at 0.99%. Homeowners in the highest median tax bill area, zip code 27537, face an annual tax bill of $1,368, whereas those in zip code 89052 enjoy the lowest median tax bill at $154. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Henderson 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 Henderson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27537 | $1,368 | $1,368 | $1,368 | $1,368 | $1,368 |
| 89052 | $64 | $140 | $154 | $154 | $184 |
Source: Ownwell