Lake Junaluska, North Carolina Property Taxes
The median property tax rate in Lake Junaluska, NC is 0.65%, 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 Lake Junaluska at $296,500, the typical annual property tax bill reaches $1,870, well below the national median of $2,690. Property taxes in Lake Junaluska 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 Lake Junaluska'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 Lake Junaluska 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
Lake Junaluska, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,927
$1,788
Ownwell’s Lake Junaluska Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Junaluska with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Junaluska 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 Lake Junaluska, North Carolina
Property taxes in Lake Junaluska, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Junaluska is 0.65%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Lake Junaluska set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Junaluska 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 Lake Junaluska's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28745 zip code has the highest median property tax rate of 0.65%, while the 28745 zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Lake Junaluska 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 Lake Junaluska Tax Rate
0.65%
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 Lake Junaluska, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28745 | 0.62% | 0.64% | 0.65% | 0.68% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Lake Junaluska, North Carolina
In Lake Junaluska, 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 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 Lake Junaluska, 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. The highest median tax bill in Lake Junaluska is $1,870 in the 28745 zip code, which also has the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lake Junaluska, North Carolina
Source: Ownwell
$162,350
$296,500
$430,650
Average Lake Junaluska Assessed Value
$296,500
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 Lake Junaluska, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28745 | $169,100 | $208,100 | $296,500 | $384,700 | $521,560 |
Source: Ownwell
Property Tax Bills Across Lake Junaluska, North Carolina
In Lake Junaluska, located in Haywood County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $296,500. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and any improvements made can influence the assessed value. For homeowners, understanding these factors is crucial as they directly impact their annual tax obligations. The tax bill varies significantly, with the 25th percentile paying around $1,351, while those in the 75th percentile pay approximately $2,418. For the top 10% of homeowners, tax bills can reach up to $3,244. The median tax bill in the area is notably $1,870, aligning with the highest and lowest median tax bills recorded in the 28745 zip code. Comparing these figures to the national median property tax rate of 0.99%, Lake Junaluska's rates can be seen as relatively moderate, offering homeowners a reasonable property tax environment.
Average Lake Junaluska Tax Bill
$1,870
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 Lake Junaluska, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28745 | $1,090 | $1,351 | $1,870 | $2,418 | $3,244 |
Source: Ownwell