Boone, Watauga County, North Carolina Property Taxes
The median property tax rate in Boone, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $317,650 in Boone, the typical annual property tax bill is $1,571, which is well below the national median of $2,690. Property taxes in Boone are calculated based on the assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Boone'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 Boone or another part of Watauga County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boone, Watauga County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,271
$1,179
Ownwell’s Boone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boone 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 Boone, Watauga County, North Carolina
Property taxes in Boone, 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 Boone is 0.40%, significantly lower than the U.S. national median of 0.99%. Local government entities within Boone set these rates annually, and they can vary across different neighborhoods. Each year, Boone 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 Boone's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28645 zip code has the highest median property tax rate of 0.44%, while the 28607 zip code has the lowest median tax rate of 0.40%. Understanding how these areas compare with Boone provides valuable insights into the varying tax landscape across Watauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boone Tax Rate
0.40%
Average Watauga County Tax Rate
0.41%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boone, Watauga County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28607 | 0.38% | 0.39% | 0.40% | 0.53% | 1.07% |
| 28645 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Boone, Watauga County, North Carolina
In Boone, 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 Watauga 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. 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 Boone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Boone, the highest median tax bill is $1,571 in the 28607 zip code, while the lowest median tax bill is $853 in the 28645 zip code.
Property Tax Assessment Values Across Boone, Watauga County, North Carolina
Source: Ownwell
$203,150
$333,300
$463,450
Average Boone Assessed Value
$317,650
Average Watauga County Assessed Value
$321,300
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boone, Watauga County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28607 | $136,220 | $208,400 | $317,700 | $471,200 | $693,180 |
| 28645 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Boone, Watauga County, North Carolina
In Boone, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the Watauga County tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Boone, the tax rate can significantly influence the amount they owe. Factors such as the property's location within specific zip codes, like 28607 or 28645, can also affect the tax bill. For instance, the highest median tax bill in Boone is $1,571 in the 28607 zip code, while the lowest is $853 in the 28645 zip code. The median home price in Boone is $317,650, and property tax bills can range widely, from the 25th percentile at $1,012 to the 90th percentile at $3,925. Compared to the national median property tax rate of 0.99%, Boone's property taxes can be considered moderate, impacting homeowners' annual financial planning and overall affordability of homeownership.
Average Boone Tax Bill
$1,571
Average Watauga County Tax Bill
$1,552
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Boone, Watauga County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28607 | $638 | $1,012 | $1,571 | $2,483 | $3,925 |
| 28645 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell