Jonesborough, North Carolina Property Taxes
The median property tax rate in Jonesborough, 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 Jonesborough at $427,600, the typical annual property tax bill is $1,710, well below the national median of $2,690. Property taxes in Jonesborough are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jonesborough'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 Jonesborough or another part of Avery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jonesborough, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,710
Ownwell’s Jonesborough Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesborough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesborough 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 Jonesborough, North Carolina
Property taxes in Jonesborough, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesborough is 0.71%, which is higher than the North Carolina state median of 0.70% but still lower than the U.S. national median of 0.99%. Local government entities within Jonesborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesborough 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 Jonesborough's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28714 in Avery County has the highest median property tax rate of 0.75%, while the zip code 28705 in Avery County has the lowest median tax rate of 0.40%. Understanding how these cities compare with Jonesborough 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 Jonesborough 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 Jonesborough, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37659 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Jonesborough, North Carolina
In JONESBOROUGH, 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 JONESBOROUGH, 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 JONESBOROUGH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in JONESBOROUGH are both $1710, found in the 37659 zip code.
Property Tax Assessment Values Across Jonesborough, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Jonesborough Assessed Value
$427,600
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 Jonesborough, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37659 | $427,600 | $427,600 | $427,600 | $427,600 | $427,600 |
Source: Ownwell
Property Tax Bills Across Jonesborough, North Carolina
In Jonesborough, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local property tax rate. In Jonesborough, the median home price is $427,600, and the tax bill typically stands at $1,710. This figure is consistent across different percentiles, indicating a stable tax environment. Homeowners in Jonesborough can expect their property tax bills to be influenced by factors such as the property's assessed value, any applicable exemptions, and the local tax rate. The tax rate in Jonesborough is notably lower than the national median property tax rate of 0.99%, making it a relatively affordable area for property taxes. This lower tax burden can significantly affect homeowners by reducing their overall housing costs, thereby making homeownership more accessible and financially manageable. The consistency in tax bills also provides homeowners with a predictable expense, aiding in better financial planning.
Average Jonesborough Tax Bill
$1,710
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesborough, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37659 | $1,710 | $1,710 | $1,710 | $1,710 | $1,710 |
Source: Ownwell