Mcdowell County Property Taxes
The median property tax rate in McDowell County is 0.68%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $111,420 in McDowell County, the typical annual property tax bill amounts to $723, considerably less than the national median of $2,690. Property taxes in McDowell County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding McDowell County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Marion or another part of McDowell County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcdowell County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$758
$703
Ownwell’s McDowell County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in McDowell County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in McDowell County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Mcdowell County, North Carolina
Property taxes in McDowell County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in McDowell County is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within McDowell County set these rates annually, and they can vary significantly between different areas within the county. Each year, McDowell County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares McDowell County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Marion has one of the higher property tax rates in North Carolina at 0.69%, while the city of Morganton boasts one of the lowest at 0.66%. Analyzing how McDowell County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mcdowell County Tax Rate
0.68%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcdowell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Black Mountain | 0.65% | 0.65% | 0.68% | 0.68% | 0.68% |
| Marion | 0.60% | 0.60% | 0.69% | 0.71% | 0.71% |
| Morganton | 0.66% | 0.66% | 0.66% | 0.66% | 0.67% |
| Nebo | 0.66% | 0.66% | 0.66% | 0.67% | 0.67% |
| Newland | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Old Fort | 0.66% | 0.68% | 0.69% | 0.69% | 0.69% |
| Spruce Pine | 0.64% | 0.64% | 0.69% | 0.69% | 0.69% |
| Union Mills | 0.65% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Mcdowell County, North Carolina
In McDowell County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the McDowell County Appraisal District. The assessed value, however, 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. Assessment notices in McDowell County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in McDowell County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. McDowell County shows a wide range of tax bills, with Black Mountain having the highest median tax bill at $4,192 and Morganton the lowest at $521.
Property Tax Assessment Values Across Mcdowell County, North Carolina
Source: Ownwell
$13,000
$325,388
$637,775
Average Mcdowell County Assessed Value
$111,420
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcdowell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Black Mountain | $186,299 | $373,832 | $637,775 | $976,145 | $1,148,271 |
| Marion | $28,620 | $62,380 | $104,560 | $185,050 | $315,528 |
| Morganton | $49,680 | $60,735 | $79,160 | $173,930 | $230,792 |
| Nebo | $33,000 | $77,310 | $142,960 | $339,400 | $661,970 |
| Newland | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 |
| Old Fort | $31,496 | $66,390 | $110,930 | $208,590 | $369,498 |
| Spruce Pine | $38,822 | $45,105 | $147,110 | $231,560 | $374,008 |
| Union Mills | $71,298 | $87,860 | $122,405 | $196,915 | $449,115 |
Source: Ownwell
Property Tax Bills Across Mcdowell County, North Carolina
In McDowell County, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property’s market value, location, and any improvements made to the property. For homeowners, understanding the range of tax bills is crucial. In McDowell County, the 25th percentile tax bill is $402, while the 75th percentile tax bill is $1,399, and the 90th percentile reaches $2,602. These figures indicate a broad range of potential tax liabilities, depending on property value and other factors. Compared to the national median property tax rate of 0.99%, homeowners in McDowell County may experience varying levels of financial impact. For example, Black Mountain has the highest median tax bill at $4,192, while Morganton has the lowest at $521, reflecting the diversity within the county.
Average Mcdowell County Tax Bill
$723
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcdowell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Black Mountain | $1,203 | $2,412 | $4,192 | $6,606 | $7,791 |
| Marion | $193 | $378 | $676 | $1,222 | $2,123 |
| Morganton | $330 | $402 | $521 | $1,144 | $1,519 |
| Nebo | $214 | $482 | $917 | $2,203 | $4,394 |
| Newland | $89 | $89 | $89 | $89 | $89 |
| Old Fort | $210 | $417 | $729 | $1,367 | $2,462 |
| Spruce Pine | $267 | $310 | $973 | $1,502 | $2,197 |
| Union Mills | $307 | $548 | $760 | $1,183 | $2,549 |
Source: Ownwell