Nebo, Burke County, North Carolina Property Taxes
- Median NEBO, NC effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
- Median NEBO, NC home value: $450,926
- Median annual NEBO, NC tax bill: $2,995, $595 higher than the national median property tax bill of $2,400.
How are property taxes in Burke calculated?
Property taxes in NEBO, 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 NEBO’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NEBO, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nebo, Burke County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$3,445
$3,197
Property Tax Rates Across Nebo, Burke County, North Carolina
Local government entities determine property tax rates, which can vary significantly within a state. This variation occurs because each county calculates its required budget for services annually and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the fundamental process.
In NEBO, located in Burke County, NC, the effective property tax rate is 0.69%. This rate is notably lower than the national median property tax rate of 1.02%. Comparing NEBO's rate to the rest of North Carolina, it's evident that local tax rates can differ greatly even within the same state. The median property tax bill in NEBO also reflects this lower rate, making it an attractive location for property owners seeking to manage their tax expenses effectively. Understanding these local differences is crucial for property owners aiming to optimize their tax liabilities. By staying informed about local tax rates and how they compare to state and national averages, property owners can make more informed decisions about their investments and financial planning.
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 Nebo Tax Rate
0.69%
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 Burke County Tax Rate
0.71%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nebo, Burke County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28761 | 0.66% | 0.67% | 0.69% | 0.72% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Nebo, Burke County, North Carolina
When examining property taxes in NEBO, 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 Burke 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.
In Burke County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 NEBO. For example, the median home price in NEBO is $450,926, with tax bills ranging significantly across the county. Zip code 28761 has the highest median home price at $450,926.
Property Tax Assessment Values Across Nebo, Burke County, North Carolina
Source: Ownwell
$114,902
$307,073
$499,243
Median Nebo Market Value
$499,243
Median Burke County Market Value
$148,063
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nebo, Burke County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28761 | $61,110 | $152,920 | $499,243 | $917,218 | $1,337,189 |
Source: Ownwell
Property Tax Bills Across Nebo, Burke County, North Carolina
Median Nebo Tax Bill
$3,383
Median Burke County Tax Bill
$1,038
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Nebo, Burke County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28761 | $462 | $1,033 | $3,383 | $6,177 | $9,140 |
Source: Ownwell