Johnson City, North Carolina Property Taxes
The median property tax rate in Johnson City, NC is 0.40%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Johnson City at $1,631,550, the typical annual property tax bill reaches $6,526, which significantly exceeds the national median of $2,690. Property taxes in Johnson City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Johnson City'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 Johnson City 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
Johnson City, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$6,526
$6,056
Ownwell’s Johnson City Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Johnson City using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson City to provide an accurate 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 is determined by Avery County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Johnson City, North Carolina
Property taxes in Johnson City, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson City is 0.40%, significantly lower than the U.S. national median of 0.99%. Local government entities within Johnson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson City 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 Johnson City's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 37601 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Johnson City 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 Johnson City 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 Johnson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Johnson City, North Carolina
In Johnson City, 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 local 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 Johnson City, 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 Johnson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $6,526, found in the 37601 zip code.
Property Tax Assessment Values Across Johnson City, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Johnson City Assessed Value
$1,631,550
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 Johnson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | $329,510 | $817,775 | $1,631,550 | $2,445,325 | $2,933,590 |
Source: Ownwell
Property Tax Bills Across Johnson City, North Carolina
In Johnson City, located in Avery County, NC, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Johnson City can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $3,271 and the 75th percentile at $9,781. For those at the 90th percentile, the tax bill can reach up to $11,734. The median home price in Johnson City is $1,631,550, and this high property value contributes to the substantial tax bills. Compared to the national median property tax rate of 0.99%, homeowners in Johnson City face varying tax burdens depending on their property's assessed value. This variability in tax bills can significantly impact homeowners' finances, making it crucial for them to understand how their tax bill is determined and to explore any available exemptions or appeal options.
Average Johnson City Tax Bill
$6,526
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37601 | $1,318 | $3,271 | $6,526 | $9,781 | $11,734 |
Source: Ownwell