Scaly Mountain, North Carolina Property Taxes
The median property tax rate in Scaly Mountain, NC is 0.35%, 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 Scaly Mountain at $350,500, the typical annual property tax bill amounts to $1,183, which is well below the national median of $2,690. Property taxes in Scaly Mountain 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 Scaly Mountain'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 Scaly Mountain 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
Scaly Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$1,227
$1,138
Ownwell’s Scaly Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scaly Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scaly 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 Scaly Mountain, North Carolina
Property taxes in Scaly 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 Scaly Mountain is 0.35%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Scaly Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scaly 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 Scaly Mountain's effective property tax rate to other counties in North Carolina and the national median. Understanding how these areas compare with Scaly Mountain 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 Scaly Mountain Tax Rate
0.35%
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 Scaly Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28775 | 0.32% | 0.33% | 0.35% | 0.37% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Scaly Mountain, North Carolina
In Scaly 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 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 Scaly 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. Being aware of these valuation processes in Scaly Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $350,500, with tax bills ranging from $713 at the 25th percentile to $2,802 at the 90th percentile. The zip code 28775 has both the highest and lowest median tax bill of $1,183.
Property Tax Assessment Values Across Scaly Mountain, North Carolina
Source: Ownwell
$209,490
$474,985
$740,480
Average Scaly Mountain Assessed Value
$350,500
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 Scaly Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28775 | $133,760 | $200,300 | $350,500 | $563,000 | $851,290 |
Source: Ownwell
Property Tax Bills Across Scaly Mountain, North Carolina
In Scaly Mountain, NC, property tax bills are calculated based on the assessed value of a home. The local county, Macon, determines this assessed value, which is then multiplied by the local property tax rate to arrive at the annual tax bill. For example, with a median home price of $350,500, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $713, while those in the 75th percentile might pay up to $1,853. At the 90th percentile, the tax bill can reach as high as $2,802. The factors considered in determining the tax bill include the market value of the property, any applicable exemptions, and the specific tax rate set by local authorities. These tax bills can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Scaly Mountain may find their tax burdens to be relatively moderate depending on their home's assessed value.
Average Scaly Mountain Tax Bill
$1,183
Average Macon County Tax Bill
$945
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Scaly Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28775 | $498 | $713 | $1,183 | $1,853 | $2,802 |
Source: Ownwell