Hayesville, Clay County, North Carolina Property Taxes
The median property tax rate in Hayesville, NC is 0.46%, which is significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $211,500 in Hayesville, the typical annual property tax bill amounts to $935, well below the national median of $2,690. Property taxes in Hayesville are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hayesville'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 Hayesville 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
Hayesville, Clay County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$973
$903
Ownwell’s Hayesville Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hayesville with just two data points. By providing your property's estimated assessed value, the calculator applies the median tax rate in Hayesville to give you an accurate estimate of your property tax bill. This tool is essential for understanding potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, localized information on neighborhood trends is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Hayesville, Clay County, North Carolina
Property taxes in Hayesville, 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 Hayesville is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Hayesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hayesville 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 Hayesville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28904 has both the highest and the lowest median property tax rate of 0.46%. Understanding how these areas compare with Hayesville 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 Hayesville Tax Rate
0.46%
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 Hayesville, Clay County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28904 | 0.46% | 0.46% | 0.46% | 0.47% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Hayesville, Clay County, North Carolina
In Hayesville, 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 Hayesville, 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 Hayesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hayesville is $211,500, with property tax bills ranging from $539 at the 25th percentile to $3,107 at the 90th percentile. The zip code 28904 has the highest and lowest median tax bill of $935.00.
Property Tax Assessment Values Across Hayesville, Clay County, North Carolina
Source: Ownwell
$140,950
$176,225
$211,500
Average Hayesville Assessed Value
$211,500
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 Hayesville, Clay County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28904 | $77,400 | $123,950 | $211,500 | $416,600 | $756,010 |
Source: Ownwell
Property Tax Bills Across Hayesville, Clay County, North Carolina
In Hayesville, located in Clay County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For Hayesville, the median home price stands at $211,500. Homeowners in the 25th percentile can expect a tax bill around $539, while those in the 75th percentile might see bills closer to $1,821. At the 90th percentile, tax bills can reach as high as $3,107. Compared to the national median property tax rate of 0.99%, Hayesville's property taxes can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly. This variability in tax bills highlights the importance of accurate property assessments and staying informed about local tax rates.
Average Hayesville Tax Bill
$935
Average Clay County Tax Bill
$929
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayesville, Clay County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28904 | $353 | $539 | $935 | $1,821 | $3,107 |
Source: Ownwell