Maggie Valley, North Carolina Property Taxes
The median property tax rate in Maggie Valley, NC is 0.67%, 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 Maggie Valley at $219,650, the typical annual property tax bill is $1,454, which is well below the national median of $2,690. Property taxes in Maggie Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maggie Valley'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 Maggie Valley 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
Maggie Valley, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,472
Ownwell’s Maggie Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maggie Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maggie Valley 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 Maggie Valley, North Carolina
Property taxes in Maggie Valley, 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 Maggie Valley is 0.67%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Maggie Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maggie Valley 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 Maggie Valley's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28751 has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these areas compare with Maggie Valley 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 Maggie Valley Tax Rate
0.67%
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 Maggie Valley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28751 | 0.60% | 0.64% | 0.67% | 0.70% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Maggie Valley, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maggie Valley, North Carolina. 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 Maggie Valley, 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 zip code with the highest median tax bill is 28751, at $1,454, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes in Maggie Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Maggie Valley, North Carolina
Source: Ownwell
$162,350
$296,500
$430,650
Average Maggie Valley Assessed Value
$219,650
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 Maggie Valley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28751 | $101,800 | $155,425 | $219,650 | $306,750 | $455,350 |
Source: Ownwell
Property Tax Bills Across Maggie Valley, North Carolina
In Maggie Valley, located in Haywood County, NC, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with the median home price in Maggie Valley at $219,650, homeowners can expect varying tax bills based on specific factors such as property size, location, and any applicable exemptions. The tax bill for homes in the 25th percentile is about $1,042, while those in the 75th percentile see a tax bill around $1,994. At the 90th percentile, the tax bill can reach up to $2,888. These variations highlight how different factors, including property improvements and neighborhood developments, influence the final tax amount. With the national median property tax rate at 0.99%, Maggie Valley's property tax rates provide a comparative insight into how local taxes can impact homeowners differently. This financial obligation is crucial for homeowners to consider as it directly affects their annual budget and long-term financial planning.
Average Maggie Valley Tax Bill
$1,454
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 Maggie Valley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28751 | $554 | $1,042 | $1,454 | $1,994 | $2,888 |
Source: Ownwell