Vale, North Carolina Property Taxes
The median property tax rate in Vale, NC is 0.76%, 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 Vale at $102,600, the typical annual property tax bill comes to $833, significantly below the national median of $2,690. Property taxes in Vale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Vale'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 Vale or another part of Catawba County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vale, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$780
$724
Ownwell’s Vale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vale 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 Vale, North Carolina
Property taxes in Vale, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vale is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Vale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vale 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 Vale's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28168 has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Vale provides valuable insights into the varying tax landscape across Catawba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vale Tax Rate
0.76%
Average Catawba County Tax Rate
0.80%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28168 | 0.45% | 0.54% | 0.76% | 0.89% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Vale, North Carolina
In Vale, 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 Catawba 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 Vale, 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 Vale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Vale is 28168, with a median tax bill of $833.
Average Vale Assessed Value
$102,600
Average Catawba County Assessed Value
$180,000
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28168 | $12,620 | $59,300 | $102,600 | $178,300 | $252,240 |
Source: Ownwell
Property Tax Bills Across Vale, North Carolina
In Vale, located in Catawba County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $102,600, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors such as property size, location, and improvements play a significant role in determining the assessed value. In Vale, the 25th percentile tax bill is around $486, while the 75th percentile tax bill can reach up to $1,286. For those at the 90th percentile, the tax bill may be as high as $1,781. This variability means that homeowners with higher-valued properties will pay more in property taxes compared to those with lower-valued homes. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Vale Tax Bill
$833
Average Catawba County Tax Bill
$1,310
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Vale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28168 | $67 | $486 | $833 | $1,286 | $1,781 |
Source: Ownwell