Roan Mountain, North Carolina Property Taxes
The median property tax rate in Roan Mountain, 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 Roan Mountain at $8,600, the typical annual property tax bill is just $34, far below the national median of $2,690. Property taxes in Roan Mountain 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 Roan Mountain'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 Roan Mountain 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
Roan Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$34
$32
Ownwell’s Roan Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roan Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roan Mountain 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 Avery County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Roan Mountain, North Carolina
Property taxes in Roan Mountain, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roan Mountain is 0.60%, significantly lower than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Roan Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roan Mountain 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 Roan Mountain's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in North Carolina is found in Mecklenburg County at 1.05%, while the lowest median tax rate is in Swain County at 0.30%. Understanding how these cities compare with Roan Mountain 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 Roan Mountain 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 Roan Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37687 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Roan Mountain, North Carolina
In Roan Mountain, 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 Roan Mountain, 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 Roan Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Roan Mountain is $8,600, with the 25th, 75th, and 90th percentile tax bills all at $34.
Property Tax Assessment Values Across Roan Mountain, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Roan Mountain Assessed Value
$8,600
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 Roan Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37687 | $8,600 | $8,600 | $8,600 | $8,600 | $8,600 |
Source: Ownwell
Property Tax Bills Across Roan Mountain, North Carolina
In Roan Mountain, Avery County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $8,600, homeowners can expect a tax bill around $34, which remains consistent across different percentiles. This is significantly lower compared to the national median property tax rate of 0.99%. The assessed value is determined by the county assessor, who considers factors such as property size, location, and market conditions. This assessed value is then multiplied by the local tax rate to calculate the property tax bill. For homeowners in Roan Mountain, the relatively low property tax bill can be a financial relief, making it an attractive location for those looking to minimize their annual expenses. Lower property taxes can also positively impact the affordability and overall cost of homeownership in the region.
Average Roan Mountain Tax Bill
$34
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Roan Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37687 | $34 | $34 | $34 | $34 | $34 |
Source: Ownwell