Weaverville, Madison County, North Carolina Property Taxes
Median Weaverville, NC effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Weaverville, NC home value: $287,960
Median annual Weaverville, NC tax bill: $1,833, $567 lower than the national median property tax bill of $2,400.
How are property taxes in Madison County calculated?
Property taxes in Weaverville, 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 Weaverville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Weaverville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Weaverville, Madison County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$2,374
$2,203
Ownwell’s Weaverville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Weaverville with just two data points.
By entering your property's estimated assessed value, our calculator applies Weaverville’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 Madison County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Weaverville, Madison County, North Carolina
Local government entities establish tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its budgetary needs for services and divides that figure by the total value of all taxable property in its area. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual procedure.
In Weaverville, located in Madison County, the effective property tax rate is 0.63%. This is notably lower than the national median property tax rate of 1.02%. Comparatively, Weaverville's rate aligns with the lowest and highest median tax rates within its zip code, indicating uniformity in property tax rates in this region.
Homeowners in Weaverville benefit from property tax rates that are considerably below the national average, which can result in significant savings. Lower property tax rates can make homeownership more affordable and attractive, potentially driving demand in the local real estate market. Understanding these rates can help homeowners and prospective buyers make informed decisions about property investments in this area.
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 Weaverville Tax Rate
0.48%
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 Madison County Tax Rate
0.49%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Weaverville, Madison County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28787 | 0.41% | 0.47% | 0.48% | 0.52% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Weaverville, Madison County, North Carolina
When examining property taxes in Weaverville, 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 Madison 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 Madison 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 Weaverville.
For example, the median home price in Weaverville is $287,960, with tax bills ranging significantly across the county. 28787 has the highest median home price at $287,960.
Property Tax Assessment Values Across Weaverville, Madison County, North Carolina
Source: Ownwell
$223,230
$358,935
$494,639
Median Weaverville Market Value
$494,639
Median Madison County Market Value
$306,765
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Weaverville, Madison County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28787 | $130,222 | $267,056 | $494,639 | $650,499 | $801,280 |
Source: Ownwell
Property Tax Bills Across Weaverville, Madison County, North Carolina
In Weaverville, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, market trends, and neighborhood developments can influence this assessed value, impacting how much homeowners pay. In Weaverville, the median property tax bill stands at $1,833, which is below the national median of $2,400. However, homeowners can still face significant financial burdens, especially when the tax bill reaches the 90th percentile at $2,987.
Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their assessed value and, consequently, their tax bills. By analyzing local market conditions and property specifics, Ownwell identifies discrepancies or overvaluations in assessments. With a successful appeal, homeowners can achieve substantial savings, easing their financial burden and ensuring fair taxation. This proactive approach not only saves money but also ensures peace of mind for property owners.
Property Tax Bills Across Weaverville, Madison County, North Carolina
Source: Ownwell
$1,001
$1,672
$2,343
Median Weaverville Tax Bill
$2,343
Median Madison County Tax Bill
$1,391
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Weaverville, Madison County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28787 | $627 | $1,276 | $2,343 | $3,036 | $3,677 |
Source: Ownwell