Simpsonville, North Carolina Property Taxes
The median property tax rate in Simpsonville, NC is 0.16%, 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 Simpsonville at $485,100, the typical annual property tax bill reaches $784, which is well below the national median of $2,690. Property taxes in Simpsonville 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 Simpsonville'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 Simpsonville 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
Simpsonville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.16%
Estimate Property Tax Bill
$776
$720
Ownwell’s Simpsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Simpsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Simpsonville 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 Simpsonville, North Carolina
Property taxes in Simpsonville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Simpsonville is 0.69%, significantly lower than the U.S. national median of 0.99%. Local government entities within Simpsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Simpsonville 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 Simpsonville'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 zip code 28777 at 0.71%, while the lowest median tax rate is in zip code 28705 at 0.61%. Understanding how these areas compare with Simpsonville 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 Simpsonville Tax Rate
0.16%
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 Simpsonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29681 | 0.16% | 0.16% | 0.16% | 0.16% | 0.16% |
Source: Ownwell
Property Tax Assessment Values Across Simpsonville, North Carolina
In Simpsonville, 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. Being aware of these valuation processes in Simpsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 29681 in Simpsonville has both the highest and lowest median tax bills, each valued at $784.
Property Tax Assessment Values Across Simpsonville, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Simpsonville Assessed Value
$485,100
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 Simpsonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29681 | $485,100 | $485,100 | $485,100 | $485,100 | $485,100 |
Source: Ownwell
Property Tax Bills Across Simpsonville, North Carolina
In Simpsonville, 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 assessment reflects the property's market value, considering factors such as location, size, and condition. For instance, the median home price in Simpsonville stands at $485,100. The tax rate is then applied to the assessed value to determine the annual tax bill. In Simpsonville, the property tax rate is relatively low, resulting in consistent tax bills across various percentiles. Homeowners in the 25th, 75th, and 90th percentiles all see a tax bill of $784, significantly below the national median property tax rate of 0.99%. This uniformity indicates a stable and predictable tax environment for residents. For homeowners, this means manageable annual expenses, contributing to the overall affordability of living in Simpsonville. The stability in property tax bills can provide financial predictability and peace of mind, making Simpsonville an attractive place for homeownership.
Average Simpsonville Tax Bill
$784
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Simpsonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29681 | $784 | $784 | $784 | $784 | $784 |
Source: Ownwell