Hollywood, Avery County, North Carolina Property Taxes

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

Median Hollywood, 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 Hollywood, NC home value: $84,400
Median annual Hollywood, NC tax bill: $338, $2,062 lower than the national median property tax bill of $2,400.

How are property taxes in Avery calculated?

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

Last Updated March 1, 2025

Hollywood, 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

$338

$313

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

Property Tax Rates Across Hollywood, Avery County, North Carolina

Local government entities determine property tax rates, leading to significant variations across a state. Each county, including Avery County, estimates its budgetary needs annually to provide services, dividing this figure by the total assessed value of all taxable properties within its jurisdiction. This process determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this annual calculation is crucial in establishing the rate.

Comparing Hollywood’s effective property tax rate to other cities in North Carolina and the national median offers a valuable perspective. With a median property tax rate of 0.40%, Avery County stands significantly below the national median of 1.02%. This lower rate can result in considerable savings for property owners in Hollywood compared to national averages. Understanding these differences can help property owners make informed decisions about property investments and tax planning.

Property Tax Rates Across Hollywood, 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 Hollywood 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 Hollywood, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
33020	N/A	N/A	N/A	N/A	N/A
33021	N/A	N/A	N/A	N/A	N/A
33026	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hollywood, Avery County, North Carolina

When examining property taxes in Hollywood, 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 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.

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 Hollywood. For example, the median home price in Hollywood is $84,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Hollywood, Avery County, North Carolina

Source: Ownwell

$2,200

$366,050

$729,900

Median Hollywood Market Value

$84,400

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 Hollywood, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
33020	N/A	N/A	N/A	N/A	N/A
33021	N/A	N/A	N/A	N/A	N/A
33026	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hollywood, Avery County, North Carolina

In Hollywood, Avery County, NC, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home. With a median home price of $84,400, property tax bills can vary significantly. For example, the 25th percentile tax bill is $173, while the 75th percentile reaches $517, and the 90th percentile is $636. These figures demonstrate the variability in tax burdens among homeowners. Compared to the national median property tax bill of $2,400, Hollywood residents generally enjoy lower property tax bills. However, even with lower taxes, homeowners can still benefit from expert assistance. Ownwell provides valuable services to help homeowners save on their property tax bills by identifying potential exemptions and appealing assessed values that may be too high. By leveraging professional expertise, homeowners in Hollywood can ensure they are not overpaying and can potentially reduce their tax liabilities further, offering financial relief and peace of mind.

Property Tax Bills Across Hollywood, Avery County, North Carolina

Source: Ownwell

$1,444

$2,879

Median Hollywood Tax Bill

$338

Median Avery County Tax Bill

$540

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Hollywood, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
33020	N/A	N/A	N/A	N/A	N/A
33021	N/A	N/A	N/A	N/A	N/A
33026	N/A	N/A	N/A	N/A	N/A

Source: Ownwell