Black Mountain, North Carolina Property Taxes
The median property tax rate in Black Mountain, NC is 0.43%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $297,700 in Black Mountain, the typical annual property tax bill amounts to $1,023, well below the national median of $2,690. Property taxes in Black Mountain are determined based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Black Mountain'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 Black Mountain or another part of Henderson County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Black Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,280
Ownwell’s Black Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Black Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Black Mountain 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 Black Mountain, North Carolina
Property taxes in Black Mountain, 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 Black Mountain is 0.43%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Black Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black Mountain 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 Black Mountain's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28711 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Black Mountain 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 Black Mountain Tax Rate
0.43%
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 Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | 0.22% | 0.34% | 0.43% | 0.50% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Black Mountain, North Carolina
In Black Mountain, 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 Black Mountain, 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. For instance, the median home price in Black Mountain is $297,700, with tax bills ranging from $707 at the 25th percentile to $2,599 at the 90th percentile. 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 Black Mountain, North Carolina
Source: Ownwell
$10,000
$189,000
$368,000
Average Black Mountain Assessed Value
$297,700
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 Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | $120,200 | $189,600 | $297,700 | $393,750 | $583,900 |
Source: Ownwell
Property Tax Bills Across Black Mountain, North Carolina
In Black Mountain, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For Black Mountain, the median home price is $297,700, and the tax rate is applied uniformly across properties. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Black Mountain can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $707, while the 75th percentile reaches up to $1816. At the 90th percentile, homeowners might see tax bills as high as $2599. Compared to the national median property tax rate of 0.99%, Black Mountain's tax bills reflect a range that can either be relatively modest or considerably higher, depending on the property's assessed value. This variability affects homeowners differently, impacting their annual financial planning and housing affordability.
Average Black Mountain Tax Bill
$1,023
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 Black Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | $323 | $707 | $1,023 | $1,816 | $2,599 |
Source: Ownwell