Jackson Springs, North Carolina Property Taxes
The median property tax rate in Jackson Springs, NC is 0.61%, 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 Jackson Springs at $59,132, the typical annual property tax bill comes to $344, well below the national median of $2,690. Property taxes in Jackson Springs 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 Jackson Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Jackson Springs 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
Jackson Springs, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$361
$335
Ownwell’s Jackson Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jackson Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jackson Springs 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 Jackson Springs, North Carolina
Property taxes in Jackson Springs, 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 Jackson Springs is 0.61%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Jackson Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson Springs 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 Jackson Springs' effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27281 has both the highest and lowest median property tax rate of 0.61%. Understanding how these areas compare with Jackson Springs provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jackson Springs Tax Rate
0.61%
Average Montgomery County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jackson Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27281 | 0.61% | 0.61% | 0.61% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Jackson Springs, North Carolina
In Jackson Springs, 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 Montgomery 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 Jackson Springs, 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 Jackson Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27281 has the highest and lowest median tax bill at $344.
Property Tax Assessment Values Across Jackson Springs, North Carolina
Source: Ownwell
$59,132
$95,947
$132,762
Average Jackson Springs Assessed Value
$59,132
Average Montgomery County Assessed Value
$75,538
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jackson Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27281 | $11,930 | $38,124 | $59,132 | $79,883 | $135,981 |
Source: Ownwell
Property Tax Bills Across Jackson Springs, North Carolina
In Jackson Springs, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by county assessors. Factors such as property size, location, and any improvements or renovations can influence the assessed value. For homeowners in Jackson Springs, the median home price is $59,132. The property tax rate in Montgomery County is compared to the national median property tax rate of 0.99%. Homeowners in Jackson Springs can expect their tax bills to vary significantly based on property value and other factors. For instance, tax bills at the 25th percentile are around $221, while those at the 75th percentile reach approximately $473. At the 90th percentile, tax bills can go up to $761. The highest and lowest median tax bills in the area are both $344, indicating a relatively consistent tax rate across different properties. Understanding these factors helps homeowners anticipate their annual property tax obligations.
Average Jackson Springs Tax Bill
$344
Average Montgomery County Tax Bill
$505
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27281 | $74 | $221 | $344 | $473 | $761 |
Source: Ownwell