Marion, Mcdowell County, North Carolina Property Taxes
Median Marion, NC effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Marion, NC home value: $104,560
Median annual Marion, NC tax bill: $676, $1,724 lower than the national median property tax bill of $2,400.
How are property taxes in McDowell County calculated?
Property taxes in Marion, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Marion’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marion, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marion, Mcdowell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$721
$669
Property Tax Rates Across Marion, Mcdowell County, North Carolina
Local government entities set property tax rates, which can vary significantly even within a single state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the basic process.
In Marion, located in McDowell County, North Carolina, the effective property tax rate is notable when compared to other cities in the state and the national median. North Carolina's median property tax rate is generally lower than the national median of 1.02%. This can be advantageous for property owners in Marion, as they may benefit from lower property tax bills compared to those in regions with higher rates. Understanding how these rates are determined and how they compare to state and national medians can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Marion Tax Rate
0.69%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mcdowell County Tax Rate
0.68%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Marion, Mcdowell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28752 | 0.60% | 0.60% | 0.69% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Marion, Mcdowell County, North Carolina
When examining property taxes in Marion, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The McDowell County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In McDowell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Marion.
For example, the median home price in Marion is $104,560, with tax bills ranging significantly across the county. Zip code 28752 has the highest median home price at $104,560.
Property Tax Assessment Values Across Marion, Mcdowell County, North Carolina
Source: Ownwell
$104,560
$371,168
$637,775
Median Marion Market Value
$104,560
Median Mcdowell County Market Value
$111,420
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Marion, Mcdowell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28752 | $28,620 | $62,380 | $104,560 | $185,050 | $315,528 |
Source: Ownwell
Property Tax Bills Across Marion, Mcdowell County, North Carolina
In Marion, located in McDowell County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the market value. Property taxes are then levied at a rate set by the local government. In Marion, the median property tax bill stands at $676, significantly lower than the national median of $2,400. This makes it an attractive area for homeowners seeking lower tax burdens. However, it's important for homeowners to ensure their property is fairly assessed to avoid overpaying.
Factors influencing the tax bill include the property's location, size, and any improvements made. For homeowners looking to save on their property tax bills, Ownwell offers expert services in property tax appeals and exemptions. By analyzing property assessments and market conditions, Ownwell helps homeowners identify potential savings. With Ownwell's assistance, homeowners can confidently navigate the complexities of property tax assessments and potentially reduce their tax liabilities.
Median Marion Tax Bill
$676
Median Mcdowell County Tax Bill
$723
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Marion, Mcdowell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28752 | $193 | $378 | $676 | $1,222 | $2,123 |
Source: Ownwell