Seven Devils, North Carolina Property Taxes
The median property tax rate in Seven Devils, NC is 0.81%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Seven Devils at $349,750, the typical annual property tax bill reaches $2,828, which is above the national median of $2,690. Property taxes in Seven Devils are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Seven Devils' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Seven Devils or another part of Watauga County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seven Devils, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,833
$2,629
Ownwell’s Seven Devils Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seven Devils with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seven Devils 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 Seven Devils, North Carolina
Property taxes in Seven Devils, North Carolina, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Seven Devils is 0.81%, lower than the U.S. national median of 0.99%. Local government entities within Seven Devils set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seven Devils 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 Seven Devils' effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28604 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these areas compare with Seven Devils 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 Seven Devils Tax Rate
0.81%
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 Seven Devils, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | 0.80% | 0.80% | 0.81% | 0.82% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Seven Devils, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Seven Devils, North Carolina. 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. In Seven Devils, 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 Seven Devils helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $349,750, with tax bills ranging from $1,966 at the 25th percentile to $4,620 at the 90th percentile. The highest and lowest median tax bills are both $2,828 in the 28604 zip code.
Property Tax Assessment Values Across Seven Devils, North Carolina
Source: Ownwell
$191,700
$327,575
$463,450
Average Seven Devils Assessed Value
$349,750
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 Seven Devils, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | $157,600 | $247,300 | $349,750 | $476,400 | $575,940 |
Source: Ownwell
Property Tax Bills Across Seven Devils, North Carolina
In the city of Seven Devils, located in Watauga County, NC, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects the market value of the home. Homeowners in Seven Devils can expect a range of property tax bills depending on their home's value. For instance, the 25th percentile tax bill is approximately $1,966, while the 75th percentile reaches around $3,817, and the 90th percentile can be as high as $4,620. The median home price in Seven Devils is $349,750, which provides a benchmark for understanding typical tax bills in the area. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Seven Devils may find their tax bills vary significantly based on their property's assessed value, impacting their annual financial planning.
Average Seven Devils Tax Bill
$2,828
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 Seven Devils, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28604 | $1,272 | $1,966 | $2,828 | $3,817 | $4,620 |
Source: Ownwell