Waynesville, North Carolina Property Taxes
The median property tax rate in Waynesville, NC is 0.66%, 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 Waynesville at $205,450, the typical annual property tax bill is $1,292, well below the national median of $2,690. Property taxes in Waynesville 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 Waynesville'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 Waynesville 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
Waynesville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,356
$1,258
Ownwell’s Waynesville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Waynesville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Waynesville to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at the neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Waynesville, North Carolina
Property taxes in Waynesville, North Carolina, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Waynesville is 0.66%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Waynesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waynesville 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 Waynesville's effective property tax rate to other areas in Haywood County and the national median. For comparison, the 28785 zip code has the highest median property tax rate of 0.67%, while the 28786 zip code has the lowest median tax rate of 0.65%. Understanding how these areas compare with Waynesville 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 Waynesville Tax Rate
0.66%
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 Waynesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28785 | 0.54% | 0.64% | 0.67% | 0.72% | 0.78% |
| 28786 | 0.54% | 0.60% | 0.65% | 0.70% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Waynesville, North Carolina
In Waynesville, 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 Waynesville, 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 Waynesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $1,494 in the 28785 zip code, while the lowest is $1,210 in the 28786 zip code.
Property Tax Assessment Values Across Waynesville, North Carolina
Source: Ownwell
$162,350
$296,500
$430,650
Average Waynesville Assessed Value
$205,450
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 Waynesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28785 | $99,800 | $151,800 | $230,800 | $329,300 | $460,340 |
| 28786 | $84,100 | $125,400 | $193,600 | $288,600 | $443,780 |
Source: Ownwell
Property Tax Bills Across Waynesville, North Carolina
In Waynesville, 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 assessed value is a percentage of the market value of the property. Homeowners in Waynesville typically receive a tax bill that falls between $842 at the 25th percentile and $2,715 at the 90th percentile, with the median home price being around $205,450. The highest median tax bill in the area is $1,494 in the 28785 zip code, while the lowest is $1,210 in the 28786 zip code. These tax bills are influenced by various factors including property size, location, and any applicable exemptions. For example, a higher market value or fewer exemptions can result in a higher tax bill. Compared to the national median property tax rate of 0.99%, Waynesville offers a competitive rate that can be appealing to homeowners. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Waynesville Tax Bill
$1,292
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 Waynesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28785 | $569 | $978 | $1,494 | $2,098 | $2,838 |
| 28786 | $508 | $806 | $1,210 | $1,785 | $2,647 |
Source: Ownwell