Whittier, North Carolina Property Taxes
The median property tax rate in Whittier, NC is 0.43%, 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 Whittier at $144,900, the typical annual property tax bill amounts to $640, well below the national median of $2,690. Property taxes in Whittier are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Whittier's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Whittier or another part of Swain County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whittier, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$623
Ownwell’s Whittier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whittier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whittier 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 Whittier, North Carolina
Property taxes in Whittier, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whittier is 0.43%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Whittier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whittier 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 Whittier's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28789 zip code has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Whittier 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 Whittier Tax Rate
0.43%
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 Whittier, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28789 | 0.36% | 0.40% | 0.43% | 0.48% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Whittier, North Carolina
In Whittier, 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 Whittier, 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 Whittier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28789 has the highest and lowest median tax bills, each at $640.
Property Tax Assessment Values Across Whittier, North Carolina
Source: Ownwell
$132,630
$289,835
$447,040
Average Whittier Assessed Value
$144,900
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 Whittier, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28789 | $37,179 | $79,668 | $144,900 | $211,975 | $345,953 |
Source: Ownwell
Property Tax Bills Across Whittier, North Carolina
In Whittier, property tax bills are calculated based on the assessed value of a home, which typically aligns closely with market values. The local tax rate is applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $144,900, homeowners can expect varying tax bills depending on their property's specific assessment and applicable exemptions. Factors influencing the tax bill include property size, location, and any applicable deductions or exemptions. In Whittier, tax bills range significantly, with the 25th percentile at $412 and the 75th percentile reaching $921. The 90th percentile sees tax bills as high as $1,366. Compared to the national median property tax rate of 0.99%, Whittier's property tax rates offer a relatively moderate burden on homeowners. This variability in tax bills can significantly impact household budgets, making it crucial for homeowners to understand their property's assessed value and any potential tax relief options available to them.
Average Whittier Tax Bill
$640
Average Swain County Tax Bill
$651
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Whittier, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28789 | $202 | $412 | $640 | $921 | $1,366 |
Source: Ownwell