Andrews, North Carolina Property Taxes
The median property tax rate in Andrews, NC is 0.72%, 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 Andrews at $91,020, the typical annual property tax bill amounts to $627, significantly below the national median of $2,690. Property taxes in Andrews are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Andrews' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Andrews 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
Andrews, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$655
$608
Ownwell’s Andrews Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Andrews with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Andrews 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 Andrews, North Carolina
Property taxes in Andrews, North Carolina, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Andrews is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Andrews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Andrews 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 Andrews' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28901 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Andrews provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Andrews Tax Rate
0.72%
Average Cherokee County Tax Rate
0.71%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Andrews, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28901 | 0.53% | 0.67% | 0.72% | 0.77% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Andrews, North Carolina
In Andrews, 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 Cherokee 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 Andrews, 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. Notably, the zip code 28901 has the highest and lowest median tax bill, both at $627. Being aware of these valuation processes in Andrews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Andrews Assessed Value
$91,020
Average Cherokee County Assessed Value
$128,225
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Andrews, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28901 | $21,000 | $47,200 | $91,020 | $151,405 | $229,800 |
Source: Ownwell
Property Tax Bills Across Andrews, North Carolina
In Andrews, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Cherokee County assessor’s office and reflects the estimated market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $91,020 in Andrews, homeowners can expect varying tax bills. The 25th percentile tax bill is around $336, while the 75th percentile is about $1,044, and the 90th percentile reaches up to $1,519. These figures indicate that property taxes can significantly impact household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding how property taxes are calculated helps homeowners in Andrews plan their finances better and anticipate future expenses related to their property. The highest and lowest median tax bills in the area both stand at $627, showing some consistency in tax assessments within the 28901 zip code.
Average Andrews Tax Bill
$627
Average Cherokee County Tax Bill
$869
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Andrews, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28901 | $144 | $336 | $627 | $1,044 | $1,519 |
Source: Ownwell