Bryson City, North Carolina Property Taxes
The median property tax rate in Bryson City, NC is 0.39%, 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 $232,700, the typical annual property tax bill in Bryson City is $893, well below the national median of $2,690. Property taxes here 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 Bryson City'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 Bryson City or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bryson City, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$908
$842
Ownwell’s Bryson City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bryson City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryson City 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 Bryson City, North Carolina
Property taxes in Bryson City, 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 Bryson City is 0.39%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Bryson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryson City 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 Bryson City's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in North Carolina is in New Hanover County with a rate of 0.85%, while the lowest median tax rate is in Swain County at 0.30%. Understanding how these cities compare with Bryson City provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bryson City Tax Rate
0.39%
Average Macon County Tax Rate
0.38%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28713 | 0.35% | 0.37% | 0.39% | 0.42% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Bryson City, North Carolina
In Bryson City, 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 Macon 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 Bryson City, 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. The median home price in Bryson City is $232,700, with tax bills ranging from $584 at the 25th percentile to $1,689 at the 90th percentile. The zip code 28713 has the highest and lowest median tax bill, both at $893. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bryson City, North Carolina
Source: Ownwell
$209,490
$474,985
$740,480
Average Bryson City Assessed Value
$232,700
Average Macon County Assessed Value
$263,040
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bryson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28713 | $98,498 | $173,730 | $232,700 | $358,360 | $433,138 |
Source: Ownwell
Property Tax Bills Across Bryson City, North Carolina
In Bryson City, located in Macon County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $232,700, property taxes can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $584, while those in the 75th percentile might see bills as high as $1,357. The 90th percentile tax bill reaches up to $1,689. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Bryson City's rates can be considered relatively moderate. Understanding these factors helps homeowners anticipate their annual expenses and budget accordingly. High property taxes can impact affordability, while lower taxes can make homeownership more accessible.
Average Bryson City Tax Bill
$893
Average Macon County Tax Bill
$945
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryson City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28713 | $417 | $584 | $893 | $1,357 | $1,689 |
Source: Ownwell