Buncombe County, NC Property Tax Search
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In-depth Buncombe County, NC Property Tax Information
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See detailed property tax information from the sample report for 212 eller cove Rd, Buncombe County, NC
Property Tax Calculation
Property tax in North Carolina is a locally assessed tax, collected by the counties. The State Department of Revenue is responsible for listing, appraising and assessing all real estate estate within the counties. State legislation requires each county to reappraise real property, land, buildings and other improvements, at least once every eight years. However, it also allows them to revalue more frequently at their discretion.
Market Value
The Buncombe County Appraiser establishes the appraised value, also known as market value, for all taxable property within the county. Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.
Assessed Value
Property tax is based on the assessed value of the property, which is calculated based on market value and a predetermined ratio. North Carolina General Statutes require that real estate be assessed at 100% of its market value as of January 1 of each reappraisal year.
Exemptions and Taxable Value
Buncombe County provides taxpayers with several types of exemptions. These are deducted from the assessed value to give the property's taxable value.
Our information indicates that this property does not currently benefit from any exemptions. Therefore, the taxable value is equal to the assessed value.
Property Tax
Property tax is calculated by multiplying the assessed value with the corresponding tax rates and is an estimate of what an owner not benefiting from tax deductions would pay.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs. For more information please visit the web pages of Buncombe County's Assessor, Property Tax Collections or look up this property's current valuation and tax situation.
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Buncombe County Stats for Property Taxes
Looking for more property tax statistics in your area? Instantly view essential data points on Buncombe County, as well as NC effective tax rates, median real estate taxes paid, home values, income levels and even homeownership rates.
Effective tax rate (%)
0.61% of Assessed Home Value
0.73% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$2,012
$1,724
$2,869
Median home value
$328,900
$234,900
$281,900
Median income
$66,531
$66,186
$75,149
Owner occupied housing (%)
64.4%
66.2%
64.8%
Renter occupied housing (%)
35.6%
33.8%
35.2%
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