Brasstown, Clay County, North Carolina Property Taxes
The median property tax rate in Brasstown, NC is 0.47%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Brasstown at $140,950, the typical annual property tax bill is $685, which is well below the national median of $2,690. Property taxes in Brasstown 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 Brasstown'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 Brasstown 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
Brasstown, Clay County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$662
$615
Ownwell’s Brasstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brasstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brasstown 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 Brasstown, Clay County, North Carolina
Property taxes in Brasstown, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brasstown is 0.47%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Brasstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brasstown 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 Brasstown's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28902 has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Brasstown provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brasstown Tax Rate
0.47%
Average Clay County Tax Rate
0.46%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brasstown, Clay County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28902 | 0.42% | 0.47% | 0.47% | 0.47% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Brasstown, Clay County, North Carolina
In Brasstown, 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 Clay 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 Brasstown, 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 Brasstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Brasstown are both $685, found in the 28902 zip code.
Property Tax Assessment Values Across Brasstown, Clay County, North Carolina
Source: Ownwell
$140,950
$176,225
$211,500
Average Brasstown Assessed Value
$140,950
Average Clay County Assessed Value
$206,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brasstown, Clay County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28902 | $52,560 | $107,325 | $140,950 | $268,675 | $526,600 |
Source: Ownwell
Property Tax Bills Across Brasstown, Clay County, North Carolina
In Brasstown, located in Clay 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. The median home price in Brasstown is $140,950. To calculate the tax bill, the assessed value is multiplied by the local tax rate. For homeowners in Brasstown, the tax bills can vary significantly. At the 25th percentile, homeowners might pay around $512 annually, while those at the 75th percentile could see bills as high as $1,251. The 90th percentile tax bill can reach up to $1,436. The highest and lowest median tax bills in the area are both $685, which is notably lower than the national median property tax rate of 0.99%. These variations in tax bills are influenced by factors such as property size, location, and any applicable exemptions. Homeowners in Brasstown benefit from relatively low property tax rates, providing a more affordable living situation compared to many other regions.
Average Brasstown Tax Bill
$685
Average Clay County Tax Bill
$929
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Brasstown, Clay County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28902 | $384 | $512 | $685 | $1,251 | $1,436 |
Source: Ownwell