Windermere, North Carolina Property Taxes
The median property tax rate in Windermere, 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 in Windermere, the typical annual property tax bill is $600, well below the national median of $2,690. Property taxes in Windermere 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 Windermere'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 Windermere 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
Windermere, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$600
$557
Ownwell’s Windermere Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windermere with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windermere 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 Windermere, North Carolina
Property taxes in Windermere, 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 Windermere is 0.75%, which is significantly higher than the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Windermere set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windermere 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 Windermere's effective property tax rate to other counties in North Carolina and the national median. For comparison, ZIP code 27517 has the highest median property tax rate of 0.82%, while ZIP code 27519 has the lowest median tax rate of 0.68%. Understanding how these cities compare with Windermere 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 Windermere 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 Windermere, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34786 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Windermere, North Carolina
In Windermere, 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 Windermere, 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 Windermere helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 34786 has both the highest and lowest median tax bills, each at $600.
Property Tax Assessment Values Across Windermere, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Windermere Assessed Value
$150,000
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 Windermere, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34786 | $150,000 | $150,000 | $150,000 | $150,000 | $150,000 |
Source: Ownwell
Property Tax Bills Across Windermere, North Carolina
In Windermere, Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Windermere is $150,000. Homeowners can expect property tax bills that fall within a narrow range, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $600. This uniformity suggests a consistent tax rate across the board. To calculate the tax bill, the assessed value of the property is multiplied by the local tax rate. The median tax bill in Windermere is $600, which is notably lower than the national median property tax rate of 0.99%. This relatively low tax burden can be advantageous for homeowners, making property ownership more affordable. Factors such as property location, improvements, and market conditions can influence the assessed value, but the consistent tax rate offers predictability for budgeting purposes.
Average Windermere Tax Bill
$600
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Windermere, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34786 | $600 | $600 | $600 | $600 | $600 |
Source: Ownwell