Clyde, North Carolina Property Taxes
The median property tax rate in Clyde, NC is 0.70%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Clyde, the typical annual property tax bill amounts to $1,261, significantly below the national median of $2,690. Property taxes in Clyde are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Clyde'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 Clyde or another part of Haywood County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clyde, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,335
$1,239
Ownwell’s Clyde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clyde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clyde 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 Clyde, North Carolina
Property taxes in Clyde, 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 Clyde is 0.70%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Clyde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clyde 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 Clyde's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28721 zip code has the highest median property tax rate of 0.70%, while the same zip code has the lowest median tax rate of 0.70%. Understanding how these cities compare with Clyde provides valuable insights into the varying tax landscape across Haywood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clyde Tax Rate
0.70%
Average Haywood County Tax Rate
0.67%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clyde, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28721 | 0.31% | 0.64% | 0.70% | 0.76% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Clyde, North Carolina
In Clyde, 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 Haywood County Assessor's Office 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 Clyde, 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 Clyde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clyde is $190,700, with the 25th percentile tax bill at $826 and the 75th percentile tax bill at $1,762. The highest median tax bill in the area is $1,261, found in the 28721 zip code, which also has the lowest median tax bill at $1,261.
Average Clyde Assessed Value
$190,700
Average Haywood County Assessed Value
$194,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clyde, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28721 | $89,620 | $131,600 | $190,700 | $273,400 | $401,260 |
Source: Ownwell
Property Tax Bills Across Clyde, North Carolina
In Clyde, located in Haywood County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Clyde typically see tax bills that vary significantly depending on their property's assessed value. For example, a home with a median price of $190,700 might have a tax bill ranging from $826 at the 25th percentile to $1,762 at the 75th percentile, and up to $2,416 at the 90th percentile. The assessed value is determined by the county assessor's office and is intended to reflect the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Given that the national median property tax rate is 0.99%, Clyde's property taxes provide a comparative perspective for homeowners. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Clyde Tax Bill
$1,261
Average Haywood County Tax Bill
$1,259
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Clyde, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28721 | $295 | $826 | $1,261 | $1,762 | $2,416 |
Source: Ownwell