Saluda, Polk County, North Carolina Property Taxes
The median property tax rate in Saluda, NC is 0.69%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $202,994 in Saluda, the typical annual property tax bill amounts to $1,756, falling below the national median of $2,690. Property taxes in Saluda are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Saluda'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 Saluda or another part of Polk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saluda, Polk County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,401
$1,300
Ownwell’s Saluda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saluda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saluda 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 Saluda, Polk County, North Carolina
Property taxes in Saluda, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saluda is 0.69%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Saluda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saluda 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 Saluda's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28773 has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Saluda provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saluda Tax Rate
0.69%
Average Polk County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saluda, Polk County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28773 | 0.67% | 0.69% | 0.69% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Saluda, Polk County, North Carolina
In Saluda, 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 Polk 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 Saluda, 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 Saluda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Saluda, the zip code 28773 has both the highest and lowest median tax bill at $1,756. With the national median property tax rate at 0.99%, comparing these figures can provide insight into local tax burdens.
Property Tax Assessment Values Across Saluda, Polk County, North Carolina
Source: Ownwell
$182,271
$209,818
$237,364
Average Saluda Assessed Value
$202,994
Average Polk County Assessed Value
$228,216
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saluda, Polk County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28773 | $98,153 | $148,444 | $202,994 | $289,244 | $401,418 |
Source: Ownwell
Property Tax Bills Across Saluda, Polk County, North Carolina
In Saluda, located in Polk County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the property tax rate set by the local government. For homeowners in Saluda, the median home price is $202,994. The property tax rate in this region is relatively moderate compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's location, its assessed value, and any applicable exemptions or deductions. The tax bill can vary significantly; for instance, the 25th percentile tax bill is $1,184, while the 75th percentile tax bill reaches $2,712. At the 90th percentile, homeowners might pay as much as $3,942 annually. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the community. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Saluda Tax Bill
$1,756
Average Polk County Tax Bill
$1,542
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Saluda, Polk County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28773 | $771 | $1,184 | $1,756 | $2,712 | $3,942 |
Source: Ownwell