Barnardsville, North Carolina Property Taxes
The median property tax rate in Barnardsville, NC, is 0.71%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Barnardsville at $178,600, the typical annual property tax bill is $1,125, significantly below the national median of $2,690. Property taxes in Barnardsville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Barnardsville'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 Barnardsville 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
Barnardsville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,268
Ownwell’s Barnardsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barnardsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnardsville 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 Barnardsville, North Carolina
Property taxes in Barnardsville, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnardsville is 0.71%, lower than the U.S. national median of 0.99%. Local government entities within Barnardsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barnardsville 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 Barnardsville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28709 has both the highest and lowest median property tax rate of 0.71%. Understanding how these cities compare with Barnardsville provides valuable insights into the varying tax landscape across Buncombe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barnardsville Tax Rate
0.71%
Average Buncombe County Tax Rate
0.63%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnardsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28709 | 0.37% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Barnardsville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Barnardsville, NC. 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 Buncombe 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 Barnardsville, 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. The median home price in Barnardsville is $178,600, with the 25th percentile tax bill at $584 and the 75th percentile tax bill at $1,857. The zip code with the highest and lowest median tax bill is 28709, with a median tax bill of $1,125. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Barnardsville, North Carolina
Source: Ownwell
$42,650
$322,775
$602,900
Average Barnardsville Assessed Value
$178,600
Average Buncombe County Assessed Value
$268,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barnardsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28709 | $54,640 | $98,200 | $178,600 | $283,500 | $416,320 |
Source: Ownwell
Property Tax Bills Across Barnardsville, North Carolina
In Barnardsville, located in Buncombe 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 reflects the market value of the property. Homeowners in Barnardsville can expect their tax bills to vary significantly depending on the value of their homes. For example, the tax bill at the 25th percentile is $584, while at the 75th percentile, it rises to $1,857. At the 90th percentile, homeowners might see a tax bill as high as $2,736. The median home price in Barnardsville is $178,600, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, Barnardsville's property tax rates can lead to a substantial financial impact on homeowners. The highest and lowest median tax bills in the area are both $1,125, specifically in the 28709 zip code. These figures highlight the importance of understanding property assessments and the resulting tax obligations for homeowners in Barnardsville.
Average Barnardsville Tax Bill
$1,125
Average Buncombe County Tax Bill
$1,904
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnardsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28709 | $280 | $584 | $1,125 | $1,857 | $2,736 |
Source: Ownwell