Black Mountain, Mcdowell County, North Carolina Property Taxes
The median property tax rate in Black Mountain, NC is 0.68%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Black Mountain at $637,775, the typical annual property tax bill amounts to $4,192, surpassing the national median of $2,690. Property taxes in Black 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 Black 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 Black 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
Black Mountain, Mcdowell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$4,337
$4,024
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, Mcdowell County, North Carolina
Property taxes in Black Mountain, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Black Mountain is 0.68%, lower than 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 28711 zip code has the highest median property tax rate of 0.68%, while the 28711 zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Black Mountain provides valuable insights into the varying tax landscape across McDowell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Black Mountain, Mcdowell County, North Carolina
Source: Ownwell
0.66%
0.67%
0.69%
Average Black Mountain Tax Rate
0.68%
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 Black Mountain, Mcdowell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | 0.65% | 0.65% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Black Mountain, Mcdowell County, 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 local appraisal authorities 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. Being aware of these valuation processes in Black Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28711 has the highest and lowest median tax bill, both at $4,192, providing a clear picture of the tax landscape in the area.
Property Tax Assessment Values Across Black Mountain, Mcdowell County, North Carolina
Source: Ownwell
$104,560
$371,168
$637,775
Average Black Mountain Assessed Value
$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 Black Mountain, Mcdowell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | $186,299 | $373,832 | $637,775 | $976,145 | $1,148,271 |
Source: Ownwell
Property Tax Bills Across Black Mountain, Mcdowell County, North Carolina
In Black Mountain, property tax bills are calculated based on the assessed value of a home, which is determined by the McDowell County tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $637,775, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the final tax bill, including the property's location within specific taxing districts, any applicable exemptions or relief programs, and the overall budgetary needs of the local government and schools. In Black Mountain, tax bills range significantly, with the 25th percentile at $2,412 and the 75th percentile at $6,606, showing the variability in tax burdens. Homeowners in Black Mountain face a median tax bill of $4,192, which aligns with the national median property tax rate of 0.99%. These taxes fund essential services like public schools, infrastructure, and emergency services, directly impacting the quality of life in the community.
Property Tax Bills Across Black Mountain, Mcdowell County, North Carolina
Source: Ownwell
$676
$2,434
$4,192
Average Black Mountain Tax Bill
$4,192
Average Mcdowell County Tax Bill
$723
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Black Mountain, Mcdowell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28711 | $1,203 | $2,412 | $4,192 | $6,606 | $7,791 |
Source: Ownwell