Hendersonville, North Carolina Property Taxes
The median property tax rate in Hendersonville, NC is 0.65%, 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 Hendersonville at $258,100, the typical annual property tax bill amounts to $1,672, falling below the national median of $2,690. Property taxes in Hendersonville 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 Hendersonville'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 Hendersonville 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
Hendersonville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,678
Ownwell’s Hendersonville Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Hendersonville using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hendersonville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Hendersonville, North Carolina
Property taxes in Hendersonville, 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 Hendersonville is 0.65%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Hendersonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hendersonville 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 Hendersonville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28792 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these figures compare with Hendersonville 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 Hendersonville Tax Rate
0.65%
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 Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28792 | 0.63% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Hendersonville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hendersonville, 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 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 Hendersonville, 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. For example, the zip code 28792 has the highest median tax bill at $1,672, while the lowest is also in the same zip code. Being aware of these valuation processes in Hendersonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hendersonville, North Carolina
Source: Ownwell
$42,650
$322,775
$602,900
Average Hendersonville Assessed Value
$258,100
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 Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28792 | $141,700 | $207,375 | $258,100 | $308,975 | $339,090 |
Source: Ownwell
Property Tax Bills Across Hendersonville, North Carolina
In Hendersonville, property tax bills are calculated based on the assessed value of the property, which is determined by the Buncombe County tax assessor's office. The assessed value is typically a percentage of the market value of the home. For instance, if a home has a market value of $258,100, the assessed value would be a certain percentage of that amount. The tax rate is then applied to the assessed value to determine the annual property tax bill. Factors influencing the assessed value include the property's location, size, and condition. In Hendersonville, the median property tax bill is $1,672, which is lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $1,344, while those in the 75th percentile pay about $1,993. High-value properties can see tax bills as high as $2,197. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life in the community.
Average Hendersonville Tax Bill
$1,672
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 Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28792 | $918 | $1,344 | $1,672 | $1,993 | $2,197 |
Source: Ownwell