Mills River, Henderson County, North Carolina Property Taxes

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

Median Mills River, NC effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Mills River, NC home value: $368,000
Median annual Mills River, NC tax bill: $1,307, $1,093 lower than the national median property tax bill of $2,400.

How are property taxes in Henderson calculated?

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

Last Updated March 1, 2025

Mills River, Henderson County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.43%

Estimate Property Tax Bill

$1,563

$1,451

Ownwell’s Mills River Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mills River with just two data points. By entering your property's estimated assessed value, our calculator applies Mills River’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 Henderson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mills River, Henderson County, North Carolina

Local government entities set tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget to provide services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. You can compare Mills River’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Mills River, located in Henderson County, benefits from a notably low property tax rate compared to the national median. The effective property tax rate in Mills River is significantly below the national median property tax rate of 1.02%. This low rate can make Mills River an attractive option for property owners, offering potential savings compared to other regions. When evaluating property investments or considering relocation, understanding the local property tax landscape is crucial. Mills River’s favorable tax rate is a compelling factor for those seeking lower property tax burdens.

Property Tax Rates Across Mills River, Henderson County, North Carolina

Source: Ownwell

0.43%

0.63%

0.83%

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 Mills River Tax Rate

0.43%

Median Effective Henderson County Tax Rate

0.55%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mills River, Henderson County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28759	0.43%	0.43%	0.43%	0.43%	0.43%
28732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mills River, Henderson County, North Carolina

When examining property taxes in Mills River, 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 Henderson 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: In Henderson 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 Mills River. For example, the median home price in Mills River is $368,000, with tax bills ranging significantly across the county. Zip code 28759 has the highest median home price at $368,000.

Property Tax Assessment Values Across Mills River, Henderson County, North Carolina

Source: Ownwell

$10,000

$186,750

$363,500

Median Mills River Market Value

$363,600

Median Henderson County Market Value

$312,200

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mills River, Henderson County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28759	$80,000	$209,050	$363,500	$557,100	$812,930
28732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mills River, Henderson County, North Carolina

In Mills River, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by factors like location, size, and condition. Homeowners in Mills River face varying tax bills, with the 25th percentile at $772 and the 75th percentile reaching $2,002. While the national median property tax bill is $2,400, Mills River's median tax bill is significantly lower, making it a more affordable option for homeowners. However, even within the same zip code, tax bills can vary, as seen with the median tax bill of $1,307.

Ownwell helps homeowners in Mills River potentially reduce their property tax bills by identifying discrepancies in assessed values and filing appeals on their behalf. By leveraging local expertise and data-driven insights, Ownwell ensures homeowners pay only their fair share in property taxes. This service not only saves money but also provides peace of mind, knowing that property taxes are being managed efficiently.

Property Tax Bills Across Mills River, Henderson County, North Carolina

Source: Ownwell

$83

$1,090

$2,097

Median Mills River Tax Bill

$1,606

Median Henderson County Tax Bill

$1,692

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Mills River, Henderson County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28759	$496	$969	$1,605	$2,439	$3,496
28732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell