Hendersonville, North Carolina Property Taxes
The median property tax rate in Hendersonville, NC is 0.46%, 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 $298,100 in Hendersonville, the typical annual property tax bill comes to $1,392, which is also well below the national median of $2,690. Property taxes in Hendersonville are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hendersonville'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 Hendersonville or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hendersonville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$1,371
$1,272
Ownwell’s Hendersonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hendersonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hendersonville 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 Hendersonville, North Carolina
Property taxes in Hendersonville, 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 Hendersonville is 0.46%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Hendersonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hendersonville 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 Hendersonville's effective property tax rate to other areas in Henderson County and the national median. For comparison, the 28792 zip code has the highest median property tax rate of 0.47%, while the 28739 zip code has the lowest median tax rate of 0.45%. Understanding how these areas compare with Hendersonville 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 Hendersonville Tax Rate
0.46%
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 Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | 0.36% | 0.40% | 0.45% | 0.54% | 0.67% |
| 28791 | 0.37% | 0.42% | 0.46% | 0.58% | 0.71% |
| 28792 | 0.33% | 0.42% | 0.47% | 0.52% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Hendersonville, North Carolina
In Hendersonville, 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 Tax Office 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 Hendersonville, 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 Hendersonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, zip code 28739 has the highest median tax bill at $1,641, while zip code 28792 has the lowest at $1,079.
Property Tax Assessment Values Across Hendersonville, North Carolina
Source: Ownwell
$10,000
$189,000
$368,000
Average Hendersonville Assessed Value
$298,100
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 Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | $133,220 | $219,500 | $343,200 | $513,300 | $712,780 |
| 28791 | $144,630 | $234,225 | $339,650 | $436,375 | $594,170 |
| 28792 | $65,640 | $152,100 | $242,300 | $358,500 | $477,080 |
Source: Ownwell
Property Tax Bills Across Hendersonville, North Carolina
In Hendersonville, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth on the open market. The property tax rate in Henderson County is applied to this assessed value to determine the annual tax bill. For homeowners in Hendersonville, the tax burden can vary significantly. The median home price in the city is $298,100, and tax bills can range widely. For instance, the 25th percentile tax bill is $821, while the 75th percentile tax bill is $2143. At the 90th percentile, homeowners might see tax bills as high as $2989. The highest median tax bill in the area is $1641 in the 28739 zip code, whereas the lowest is $1079 in the 28792 zip code. These taxes fund essential public services, impacting the quality of local schools, infrastructure, and emergency services, thereby directly affecting the community's living standards.
Average Hendersonville Tax Bill
$1,392
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 Hendersonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | $532 | $959 | $1,641 | $2,468 | $3,488 |
| 28791 | $597 | $1,086 | $1,636 | $2,266 | $3,007 |
| 28792 | $289 | $658 | $1,079 | $1,714 | $2,531 |
Source: Ownwell