Mount Pleasant, North Carolina Property Taxes
The median property tax rate in Mount Pleasant, 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 Mount Pleasant at $1,141,400, the typical annual property tax bill reaches $4,566, surpassing the national median of $2,690. Property taxes in Mount Pleasant 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 Mount Pleasant'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 Mount Pleasant 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
Mount Pleasant, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$4,566
$4,237
Ownwell’s MOUNT PLEASANT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT PLEASANT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT PLEASANT 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 Mount Pleasant, North Carolina
Property taxes in Mount Pleasant, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 0.70%, higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in the region is in zip code 28001 with a rate of 1.02%, while the lowest median tax rate is found in zip code 28002 with a rate of 0.50%. Understanding how these cities compare with Mount Pleasant 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 Mount Pleasant 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 Mount Pleasant, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29466 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, North Carolina
In Mount Pleasant, 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 Mount Pleasant, 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 Mount Pleasant 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 $4,566, found in the 29466 zip code.
Property Tax Assessment Values Across Mount Pleasant, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Mount Pleasant Assessed Value
$1,141,400
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 Mount Pleasant, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29466 | $1,141,400 | $1,141,400 | $1,141,400 | $1,141,400 | $1,141,400 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, North Carolina
In Mount Pleasant, Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. Homeowners in this area experience a median tax bill of $4,566, which is notably higher than the national median property tax rate of 0.99%. The assessed value considers various factors, including the property's location, size, and market conditions. The tax bill is derived by multiplying the assessed value by the local tax rate. For instance, a home with a median market price of $1,141,400 in Mount Pleasant would result in a significant tax obligation. The local tax rate ensures that the required revenue for public services such as schools, infrastructure, and emergency services is met. Homeowners in this region should be aware of the substantial impact property taxes can have on their annual expenses. Understanding how these taxes are calculated can help homeowners plan and budget accordingly, ensuring they are prepared for their financial responsibilities.
Average Mount Pleasant Tax Bill
$4,566
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Pleasant, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29466 | $4,566 | $4,566 | $4,566 | $4,566 | $4,566 |
Source: Ownwell