Transylvania County, NC Property Tax Search
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In-depth Transylvania County, NC Property Tax Information
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See detailed property tax information from the sample report for , Transylvania 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 Transylvania 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. However, the assessor may increase or decrease the appraised value of real property, to recognize a change in value caused by factors other than the following: normal physical depreciation of the improvements, economic conditions affecting the county as a whole, or minor improvements to the property such as repainting, landscaping, terracing etc.
Exemptions and Taxable Value
Taxable value represents the assessed value less any tax exemptions that apply. Several exemptions are available in Transylvania County that may lower the property's tax bill.
We have no information about whether any exemptions currently apply to this property. Therefore, the taxable value will be 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 exemptions or 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 Transylvania County's Assessment division and Tax Administration or look up this property's current valuation and tax situation.
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Transylvania County Stats for Property Taxes
For an easier overview of the difference in tax rates between counties, explore the charts below. You can also get additional insights on median home values, income levels and homeownership rates in your area.
Effective tax rate (%)
0.47% of Assessed Home Value
0.73% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$1,418
$1,724
$2,869
Median home value
$298,600
$234,900
$281,900
Median income
$62,056
$66,186
$75,149
Owner occupied housing (%)
76.1%
66.2%
64.8%
Renter occupied housing (%)
23.9%
33.8%
35.2%
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