Almond, North Carolina Property Taxes
The median property tax rate in Almond, NC is 0.41%, 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 Almond at $274,570, the typical annual property tax bill is $1,103, which is notably below the national median of $2,690. Property taxes in Almond 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 Almond'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 Almond or another part of Swain County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Almond, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,126
$1,045
Ownwell’s Almond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Almond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Almond 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 Almond, North Carolina
Property taxes in Almond, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Almond is 0.41%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Almond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Almond 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 Almond's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28702 zip code has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these cities compare with Almond provides valuable insights into the varying tax landscape across Swain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Almond Tax Rate
0.41%
Average Swain County Tax Rate
0.44%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Almond, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28702 | 0.36% | 0.39% | 0.41% | 0.44% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Almond, North Carolina
In Almond, 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 Swain 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 Almond, 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. The median home price in Almond is $274,570. Property tax bills vary, with the 25th percentile at $595 and the 75th percentile at $1,573. The 90th percentile tax bill reaches $2,112. The highest and lowest median tax bill in the area is $1,103, found in the 28702 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Almond Assessed Value
$274,570
Average Swain County Assessed Value
$144,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Almond, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28702 | $83,822 | $147,530 | $274,570 | $398,090 | $531,822 |
Source: Ownwell
Property Tax Bills Across Almond, North Carolina
In Almond, located in Swain County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county tax assessor and reflects the market value of the property. The local property tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Almond can expect their property tax bills to vary significantly depending on their home's value. For instance, the 25th percentile tax bill is around $595, while the 75th percentile tax bill rises to approximately $1,573. At the higher end, the 90th percentile tax bill can reach up to $2,112. These tax bills can have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting their decisions about buying or selling property. Compared to the national median property tax rate of 0.99%, the tax rates in Almond may offer some relief or burden, depending on individual circumstances and property values.
Average Almond Tax Bill
$1,103
Average Swain County Tax Bill
$651
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Almond, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28702 | $354 | $595 | $1,103 | $1,573 | $2,112 |
Source: Ownwell