Shelby, North Carolina Property Taxes
The median property tax rate in Shelby, 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 Shelby at $10,550, the typical annual property tax bill is just $42, well below the national median of $2,690. Property taxes in Shelby 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 Shelby'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 Shelby 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
Shelby, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$42
Ownwell’s Shelby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelby 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 Shelby, North Carolina
Property taxes in Shelby, 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 Shelby is 0.83%, which is higher than the North Carolina state median of 0.70% but still below the U.S. national median of 0.99%. Local government entities within Shelby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelby 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 Shelby's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28152 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these areas compare with Shelby 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 Shelby 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 Shelby, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28152 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Shelby, North Carolina
In Shelby, 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 Shelby, 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 Shelby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shelby is $10,550, with tax bills ranging from $37 at the 25th percentile to $51 at the 90th percentile.
Property Tax Assessment Values Across Shelby, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Shelby Assessed Value
$10,550
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 Shelby, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28152 | $8,270 | $9,125 | $10,550 | $11,975 | $12,830 |
Source: Ownwell
Property Tax Bills Across Shelby, North Carolina
In Shelby, located in Avery County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. Various factors, such as the property's location, size, and condition, are considered during the assessment process. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. For instance, if a home in Shelby has an assessed value of $105,500, the tax bill will be determined by multiplying this value by the local tax rate. Homeowners in Shelby can expect their property tax bills to vary, with the 25th percentile paying around $370, the 75th percentile paying approximately $480, and the 90th percentile paying up to $510 annually. These property tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding how property taxes are calculated enables homeowners to better anticipate their annual expenses and manage their budgets effectively.
Average Shelby Tax Bill
$42
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelby, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28152 | $33 | $37 | $42 | $48 | $51 |
Source: Ownwell