The Villages, North Carolina Property Taxes
The median property tax rate in The Villages, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $210,001 in The Villages, the typical annual property tax bill amounts to $840, which is well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding The Villages' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of The Villages or another part of Avery County, gaining insight into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
The Villages, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$840
$780
Ownwell’s The Villages Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in The Villages with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in The Villages to estimate your property tax bill. This valuable 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 The Villages, North Carolina
Property taxes in The Villages, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in The Villages is 0.40%, which is 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 The Villages set these rates annually, and they can vary significantly across different neighborhoods. Each year, The Villages 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 The Villages' effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code with the highest median property tax rate in North Carolina has a rate of 1.20%, while the lowest median tax rate is 0.30%. Understanding how these cities compare with The Villages 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 The Villages 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 The Villages, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32163 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across The Villages, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in The Villages, North Carolina. 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 The Villages, the highest median tax bill is $840 in zip code 32163, and the lowest median tax bill is also $840 in the same zip code. 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 The Villages, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average The Villages Assessed Value
$210,001
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 The Villages, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32163 | $210,001 | $210,001 | $210,001 | $210,001 | $210,001 |
Source: Ownwell
Property Tax Bills Across The Villages, North Carolina
Property tax bills in The Villages, Avery County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Once the assessed value is established, the local tax rate is applied to this value to calculate the tax bill. In The Villages, the median home price is $210,001, and the tax bill for various percentiles, including the 25th, 75th, and 90th, is consistently $840. This uniformity suggests a stable tax rate across different property values. Homeowners in The Villages benefit from a relatively low property tax rate compared to the national median of 0.99%. This lower tax burden can make homeownership more affordable and appealing, potentially increasing property values over time. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average The Villages Tax Bill
$840
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across The Villages, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32163 | $840 | $840 | $840 | $840 | $840 |
Source: Ownwell