Chapel Hill, Avery County, North Carolina Property Taxes

Name: Property Tax Bills Across Chapel Hill, Avery County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Chapel Hill, NC effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Chapel Hill, NC home value: $24,500
Median annual Chapel Hill, NC tax bill: $98, $2,302 lower than the national median property tax bill of $2,400.

How are property taxes in Avery County calculated?

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

Last Updated March 1, 2025

Chapel Hill, Avery County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$98

$91

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

Property Tax Rates Across Chapel Hill, Avery County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Chapel Hill’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

Chapel Hill, located in Orange County, has a property tax rate that is notably lower than the national median. The town's effective property tax rate is a reflection of its local government's budgeting needs and the total assessed property value in the area. Compared to the statewide median, Chapel Hill's tax rate is competitive, offering residents a favorable balance between tax obligations and public services. This makes Chapel Hill an attractive location for homeowners who are seeking a balance between quality public services and manageable property tax bills.

Property Tax Rates Across Chapel Hill, Avery County, North Carolina

Source: Ownwell

0.40%

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 Chapel Hill Tax Rate

0.40%

Median Effective Avery County Tax Rate

0.40%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chapel Hill, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27516	0.40%	0.40%	0.40%	0.40%	0.40%
27517	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Chapel Hill, Avery County, North Carolina

When examining property taxes in Chapel Hill, 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 Avery 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 Avery 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 Chapel Hill.

For example, the median home price in Chapel Hill is $24,500, with tax bills ranging significantly across the county. Zip code 27516 has the highest median home price at $24,500.

Property Tax Assessment Values Across Chapel Hill, Avery County, North Carolina

Source: Ownwell

$2,200

$366,050

$729,900

Median Chapel Hill Market Value

$24,500

Median Avery County Market Value

$135,500

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chapel Hill, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27516	$12,300	$18,400	$24,500	$40,000	$295,260
27517	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Chapel Hill, Avery County, North Carolina

In Chapel Hill, located in Avery County, NC, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Chapel Hill, the property tax bills can vary significantly. While the 25th percentile tax bill is as low as $74, it rises to $220 at the 75th percentile and can reach $1,134 at the 90th percentile. These figures suggest a wide range of tax obligations, reflecting the diverse property values within the area. Compared to the national median property tax bill of $2,400, Chapel Hill's tax bills are generally lower, offering some financial relief to homeowners. However, even with relatively lower tax bills, homeowners can benefit from appealing their property taxes to ensure they are not overpaying. Ownwell provides expert property tax appeal services, helping homeowners in Chapel Hill potentially reduce their tax bills and achieve significant savings.

Property Tax Bills Across Chapel Hill, Avery County, North Carolina

Source: Ownwell

$1,444

$2,879

Median Chapel Hill Tax Bill

$98

Median Avery County Tax Bill

$540

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Chapel Hill, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27516	$49	$74	$74	$116	$826
27517	N/A	N/A	N/A	N/A	N/A

Source: Ownwell