Livingston, North Carolina Property Taxes
The median property tax rate in Livingston, 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 Livingston, the typical annual property tax bill is $262, well below the national median of $2,690. Property taxes in Livingston 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 Livingston'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 Livingston 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
Livingston, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$262
Ownwell’s Livingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livingston 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 Livingston, North Carolina
Property taxes in Livingston, NC, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livingston is 0.72%, higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Livingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livingston 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 Livingston's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28031 zip code has the highest median property tax rate of 0.85%, while the 28117 zip code has the lowest median tax rate of 0.40%. Understanding how these cities compare with Livingston 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 Livingston 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 Livingston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77399 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Livingston, North Carolina
In Livingston, 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 Livingston, 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 Livingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 77399 has both the highest and lowest median tax bills at $262, highlighting the uniformity in property tax assessments within the area.
Property Tax Assessment Values Across Livingston, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Livingston Assessed Value
$65,400
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 Livingston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77399 | $65,400 | $65,400 | $65,400 | $65,400 | $65,400 |
Source: Ownwell
Property Tax Bills Across Livingston, North Carolina
In Livingston, NC, property tax bills are determined by assessing the value of a homeowner's property and applying the local tax rate. The assessed value is based on various factors, including the property's market value, location, and any improvements made. For example, the median home price in Livingston is $65,400. To calculate the tax bill, the assessed value is multiplied by the local property tax rate. In Livingston, property tax bills tend to be consistent across different percentiles, with the 25th, 75th, and 90th percentiles all having a tax bill of $262. This uniformity suggests a stable and predictable tax environment for homeowners. When compared to the national median property tax rate of 0.99%, Livingston's property taxes are relatively modest, making it an attractive location for homeowners seeking affordability. Understanding these factors can help homeowners better anticipate their annual tax obligations and budget accordingly.
Average Livingston Tax Bill
$262
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Livingston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77399 | $262 | $262 | $262 | $262 | $262 |
Source: Ownwell