Boone, Watauga County, North Carolina Property Taxes

Name: Property Tax Bills Across Boone, Watauga County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Boone, NC effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Boone, NC home value: $317,650
Median annual Boone, NC tax bill: $1,571, $829 lower than the national median property tax bill of $2,400.

How are property taxes in Watauga County calculated?

Property taxes in Boone, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Boone’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boone, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Boone, Watauga County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$1,271

$1,179

Ownwell’s Boone Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boone with just two data points. By entering your property's estimated assessed value, our calculator applies Boone’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Watauga County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Boone, Watauga County, North Carolina

Local government entities determine property tax rates, which can vary significantly within a state. Each year, counties estimate the funds needed to provide essential services and divide this by the total assessed value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While the process involves votes and legislation, this is the core method used annually.

In Boone, located in Watauga County, the effective property tax rate is notably lower than the national median of 1.02%. This provides a financial advantage for property owners, as it translates to a smaller tax bill compared to many other areas in the United States. The median property tax rate in North Carolina is considerably lower than the national average, making it an attractive state for property investment.

For those looking to manage property expenses efficiently, understanding these rates is crucial. Boone's property tax rate offers a compelling reason for homeowners and investors to consider this area, especially when compared to higher rates found elsewhere in the country.

Property Tax Rates Across Boone, Watauga County, North Carolina

Source: Ownwell

0.40%

0.71%

1.02%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Boone Tax Rate

0.40%

Median Effective Watauga County Tax Rate

0.41%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

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

When examining property taxes in Boone, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Watauga County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Watauga County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Boone. For example, the median home price in Boone is $317,650, with tax bills ranging significantly across the county. 28607 has the highest median home price at $317,700.

Property Tax Assessment Values Across Boone, Watauga County, North Carolina

Source: Ownwell

$203,150

$333,300

$463,450

Median Boone Market Value

$317,650

Median Watauga County Market Value

$321,300

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

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, located in Watauga County, 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, reflecting the property's worth as determined by county assessors. Various factors influence this valuation, including property size, location, and market trends. Homeowners in Boone face a median property tax bill of $1,571, which is considerably lower than the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $1,012 or as much as $3,925, depending on their property's assessed value and applicable exemptions.

Homeowners in Boone can benefit from appealing their property tax assessments to ensure they're not overpaying. This is where Ownwell steps in, offering expert property tax appeal services. By analyzing assessment data and identifying potential discrepancies, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay only their fair share. This service not only saves money but also provides peace of mind for property owners.

Property Tax Bills Across Boone, Watauga County, North Carolina

Source: Ownwell

$805

$2,096

$3,386

Median Boone Tax Bill

$1,571

Median Watauga County Tax Bill

$1,552

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

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