Tallahassee, North Carolina Property Taxes
The median property tax rate in Tallahassee, 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 Tallahassee at $131,750, the typical annual property tax bill is $527, well below the national median of $2,690. Property taxes in Tallahassee 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 Tallahassee'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 Tallahassee 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
Tallahassee, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$527
Ownwell’s Tallahassee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tallahassee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tallahassee 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 Tallahassee, North Carolina
Property taxes in Tallahassee, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tallahassee is 0.40%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Tallahassee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tallahassee 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 Tallahassee's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 32309 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these areas compare with Tallahassee 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 Tallahassee 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 Tallahassee, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32309 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 32311 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Tallahassee, North Carolina
In Tallahassee, 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 Tallahassee, 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. For example, the zip code 32309 has the highest median tax bill at $914, while the zip code 32311 has the lowest at $140. 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 Tallahassee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Tallahassee, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Tallahassee Assessed Value
$131,750
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 Tallahassee, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32309 | $228,500 | $228,500 | $228,500 | $228,500 | $228,500 |
| 32311 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 |
Source: Ownwell
Property Tax Bills Across Tallahassee, North Carolina
In Tallahassee, Avery County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this area can expect a median home price of $131,750, which serves as the basis for determining their property tax obligations. The assessed value is multiplied by the local tax rate to produce the annual tax bill. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, thereby impacting the tax bill. For homeowners, the property tax bill can vary significantly. The tax bill at the 25th percentile is $334, while at the 75th percentile, it rises to $721. Those at the 90th percentile pay around $837 annually. The highest median tax bill in the area is $914 in the 32309 zip code, contrasting sharply with the lowest median tax bill of $140 in the 32311 zip code. These variations highlight how location and property characteristics can significantly affect tax responsibilities.
Average Tallahassee Tax Bill
$527
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Tallahassee, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32309 | $914 | $914 | $914 | $914 | $914 |
| 32311 | $140 | $140 | $140 | $140 | $140 |
Source: Ownwell