Penrose, Henderson County, North Carolina Property Taxes
Median Penrose, NC effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%. Median Penrose, NC home value: $207,900. Median annual Penrose, NC tax bill: $867, $1,533 lower than the national median property tax bill of $2,400.
How are property taxes in Henderson calculated?
Property taxes in Penrose, 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 Penrose’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Penrose, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Penrose, Henderson County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$1,081
$1,003
Property Tax Rates Across Penrose, Henderson County, North Carolina
Local governments determine property tax rates, leading to significant variations within a state. This is because each county annually estimates its budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the core of the annual process.
In Penrose, located in Henderson County, North Carolina, residents experience a property tax rate of 0.47%, which is notably lower than the national median property tax rate of 1.02%. This lower rate can result in significant savings for property owners compared to other regions across the United States.
When comparing Penrose’s effective property tax rate to other cities in North Carolina, it remains consistent with the county's highest and lowest median tax rates, both at 0.47%. This stability can offer residents a predictable tax environment, making it an attractive location for property investment. Understanding these rates and their implications can empower property owners to make informed decisions about appealing their property taxes or seeking exemptions.
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 Penrose Tax Rate
0.52%
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 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 Penrose, Henderson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28766 | 0.48% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Penrose, Henderson County, North Carolina
When examining property taxes in Penrose, 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 Tax Office 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 March. 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 Penrose.
For example, the median home price in Penrose is $207,900, with tax bills ranging significantly across the county. 28766 has the highest median home price at $207,900.
Property Tax Assessment Values Across Penrose, Henderson County, North Carolina
Source: Ownwell
$10,000
$186,750
$363,500
Median Penrose Market Value
$207,900
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 Penrose, Henderson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28766 | $72,300 | $125,000 | $207,900 | $322,300 | $468,120 |
Source: Ownwell
Property Tax Bills Across Penrose, Henderson County, North Carolina
Median Penrose Tax Bill
$1,074
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 Penrose, Henderson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28766 | $377 | $642 | $1,074 | $1,560 | $2,439 |
Source: Ownwell