Sammamish, North Carolina Property Taxes
The median property tax rate in Sammamish, 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 Sammamish, the typical annual property tax bill reaches $572, well below the national median of $2,690. Property taxes in Sammamish 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 Sammamish'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 Sammamish 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
Sammamish, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$572
$531
Ownwell’s Sammamish Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Sammamish with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Sammamish to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed trends on a neighborhood level, simply scroll down for localized information. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Sammamish, North Carolina
Property taxes in Sammamish, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sammamish is 0.68%, which is higher than the North Carolina state median of 0.70% but lower than the U.S. national median of 0.99%. Local government entities within Sammamish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sammamish 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 Sammamish's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27587 zip code has the highest median property tax rate of 0.85%, while the 27505 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Sammamish 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 Sammamish 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 Sammamish, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98075 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Sammamish, North Carolina
In Sammamish, 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. 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. In Sammamish, the highest median tax bill is $572 in the 98075 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sammamish, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Sammamish Assessed Value
$143,000
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 Sammamish, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98075 | $143,000 | $143,000 | $143,000 | $143,000 | $143,000 |
Source: Ownwell
Property Tax Bills Across Sammamish, North Carolina
In Sammamish, located in Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $143,000 and a tax rate of 0.99%, homeowners can expect to pay approximately $1,415 annually. However, in Sammamish, the tax bills are quite uniform, with the 25th, 75th, and 90th percentiles all at $572. This suggests a flat rate or a specific tax exemption applied uniformly across properties. This uniformity simplifies financial planning for homeowners but may not reflect the true market value of individual properties. Homeowners should be aware of these factors as they can significantly impact their annual expenses and the overall affordability of owning property in the area. Understanding how these factors interplay can help homeowners better anticipate their financial obligations.
Average Sammamish Tax Bill
$572
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Sammamish, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98075 | $572 | $572 | $572 | $572 | $572 |
Source: Ownwell