Collettsville, North Carolina Property Taxes
The median property tax rate in Collettsville, NC is 0.79%, 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 Collettsville at $75,500, the typical annual property tax bill reaches $528, significantly below the national median of $2,690. Property taxes in Collettsville 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 Collettsville'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 Collettsville or another part of Caldwell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Collettsville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$596
Ownwell’s Collettsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Collettsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Collettsville 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 Collettsville, North Carolina
Property taxes in Collettsville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Collettsville is 0.79%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Collettsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Collettsville 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 Collettsville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28611 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Collettsville provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Collettsville Tax Rate
0.79%
Average Caldwell County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Collettsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28611 | 0.60% | 0.77% | 0.79% | 0.81% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Collettsville, North Carolina
In Collettsville, 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 Caldwell 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 Collettsville, 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 Collettsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Collettsville, the highest median tax bill is $528 in the 28611 zip code, while the lowest median tax bill is also $528 in the same zip code.
Property Tax Assessment Values Across Collettsville, North Carolina
Source: Ownwell
$11,100
$496,325
$981,550
Average Collettsville Assessed Value
$75,500
Average Caldwell County Assessed Value
$103,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Collettsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28611 | $15,200 | $40,650 | $75,500 | $141,950 | $286,120 |
Source: Ownwell
Property Tax Bills Across Collettsville, North Carolina
In Collettsville, Caldwell County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $75,500. Tax authorities determine the assessed value, which is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, homeowners in Collettsville can expect their tax bills to fall within a range. The 25th percentile tax bill is approximately $288, while the 75th percentile reaches up to $938. For those in the 90th percentile, tax bills can be as high as $1,837. Factors such as the property's location, size, and condition play a crucial role in determining its assessed value. Comparatively, Collettsville's property tax rates are favorable when contrasted with the national median property tax rate of 0.99%. This relatively lower tax rate can be advantageous for homeowners, potentially leading to significant savings. However, it's vital for homeowners to stay informed and ensure their property's assessed value accurately reflects its market value to avoid overpaying on property taxes.
Average Collettsville Tax Bill
$528
Average Caldwell County Tax Bill
$744
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Collettsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28611 | $111 | $288 | $528 | $938 | $1,837 |
Source: Ownwell