Maitland, North Carolina Property Taxes
The median property tax rate in Maitland, 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 Maitland at $482,900, the typical annual property tax bill is $1,932, which is below the national median of $2,690. Property taxes in Maitland are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Maitland'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 Maitland or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maitland, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,932
$1,792
Ownwell’s Maitland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maitland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maitland 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 Maitland, North Carolina
Property taxes in Maitland, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Maitland 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 Maitland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maitland 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 Maitland's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 32751 has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these figures compare with Maitland 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 Maitland 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 Maitland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32751 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Maitland, North Carolina
In Maitland, 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 Maitland, 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 Maitland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Maitland is $482,900, with the highest and lowest median tax bills both recorded at $1,932 in zip code 32751.
Property Tax Assessment Values Across Maitland, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Maitland Assessed Value
$482,900
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 Maitland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32751 | $482,900 | $482,900 | $482,900 | $482,900 | $482,900 |
Source: Ownwell
Property Tax Bills Across Maitland, North Carolina
In Maitland, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. For a home with a median price of $482,900, the tax bill can vary depending on several factors, including the property's location within the county and any applicable exemptions. In Avery County, the median property tax bill stands at $1,932, which is notably lower than the national median property tax rate of 0.99%. This rate is consistent across different percentiles, including the 25th, 75th, and 90th percentiles. Homeowners in Maitland can expect a relatively predictable tax bill, which can help in budgeting and financial planning. However, it's important to note that any changes in the assessed value or local tax rates can affect the overall tax bill, potentially increasing the financial burden on homeowners.
Average Maitland Tax Bill
$1,932
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Maitland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32751 | $1,932 | $1,932 | $1,932 | $1,932 | $1,932 |
Source: Ownwell