Almond, North Carolina Property Taxes
The median property tax rate in Almond, NC is 0.59%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Almond at $129,510, the typical annual property tax bill amounts to $780, which is significantly below the national median of $2,690. Property taxes in Almond 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 Almond'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 Almond or another part of Graham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Almond, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$764
$709
Ownwell’s Almond Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Almond with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Almond to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Graham County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Almond, North Carolina
Property taxes in Almond, 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 Almond is 0.59%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Almond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Almond 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 Almond's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28702 has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Almond provides valuable insights into the varying tax landscape across Graham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Almond Tax Rate
0.59%
Average Graham County Tax Rate
0.59%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Almond, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28702 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Almond, North Carolina
In Almond, 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 Graham 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 Almond, 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 Almond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Almond is $129,510, with tax bills ranging from $359 at the 25th percentile to $2,117 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 28702, with a median tax bill of $780.
Average Almond Assessed Value
$129,510
Average Graham County Assessed Value
$124,715
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Almond, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28702 | $26,758 | $60,160 | $129,510 | $215,880 | $343,712 |
Source: Ownwell
Property Tax Bills Across Almond, North Carolina
In Almond, located in Graham 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 property tax rate to determine the annual tax bill. For example, with a median home price of $129,510, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors that influence the tax bill include the property's location, improvements, and any applicable exemptions. In Almond, the 25th percentile of tax bills is around $359, while the 75th percentile reaches up to $1,267, and the 90th percentile can be as high as $2,117. These figures show a significant range, highlighting the impact of assessed values and exemptions on the final tax obligation. Compared to the national median property tax rate of 0.99%, Almond's property tax rates can vary, affecting homeowners differently based on their specific circumstances. This variability underscores the importance of understanding how local assessments and rates influence property tax bills in the area.
Average Almond Tax Bill
$780
Average Graham County Tax Bill
$769
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Almond, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28702 | $187 | $359 | $780 | $1,267 | $2,117 |
Source: Ownwell