Arden, North Carolina Property Taxes
The median property tax rate in Arden, NC is 0.40%, 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 Arden, the typical annual property tax bill is $1,076, which is well below the national median of $2,690. Property taxes in Arden 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 Arden'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 Arden 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
Arden, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,170
$1,086
Ownwell’s Arden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arden 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 Arden, North Carolina
Property taxes in Arden, 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 Arden is 0.40%, which is lower than the U.S. national median of 0.99%. Local government entities within Arden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arden 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 Arden's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28704 has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Arden provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arden Tax Rate
0.40%
Average Henderson County Tax Rate
0.44%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28704 | 0.25% | 0.33% | 0.40% | 0.46% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Arden, North Carolina
In Arden, 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 Henderson 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 Arden, 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 Arden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in Arden both stand at $1,076 in the 28704 zip code.
Average Arden Assessed Value
$292,550
Average Henderson County Assessed Value
$308,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28704 | $51,390 | $158,825 | $292,550 | $485,800 | $678,480 |
Source: Ownwell
Property Tax Bills Across Arden, North Carolina
In Arden, located in Henderson County, NC, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For instance, the median home price in Arden is $292,550, which plays a significant role in determining the assessed value. Homeowners in Arden can expect their property tax bills to vary widely. At the 25th percentile, tax bills are around $411, while at the 75th percentile, they can reach up to $2,058. The highest tax bills, at the 90th percentile, are approximately $3,141. Compared to the national median property tax rate of 0.99%, Arden's property tax bills reflect a range that can significantly impact homeowners, depending on their property's assessed value.
Average Arden Tax Bill
$1,076
Average Henderson County Tax Bill
$1,336
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Arden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28704 | $166 | $411 | $1,076 | $2,058 | $3,141 |
Source: Ownwell