Canton, Buncombe County, North Carolina Property Taxes
Median Canton, 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 Canton, NC home value: $293,550
Median annual Canton, NC tax bill: $1,809, $591 lower than the national median property tax bill of $2,400.
How are property taxes in Buncombe calculated?
Property taxes in Canton, 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 Canton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Canton, Buncombe County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$1,912
$1,774
Property Tax Rates Across Canton, Buncombe County, North Carolina
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 Canton Tax Rate
0.66%
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 Buncombe County Tax Rate
0.68%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Canton, Buncombe County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28716 | 0.66% | 0.66% | 0.66% | 0.66% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Canton, Buncombe County, North Carolina
When examining property taxes in Canton, 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 Buncombe County Assessor's 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 Buncombe 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 Canton. For example, the median home price in Canton is $293,550, with tax bills ranging significantly across the county. Zip code 28716 has the highest median home price at $293,550.
Property Tax Assessment Values Across Canton, Buncombe County, North Carolina
Source: Ownwell
$65,700
$334,525
$603,350
Median Canton Market Value
$289,700
Median Buncombe County Market Value
$271,900
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Canton, Buncombe County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28716 | $60,820 | $170,400 | $289,700 | $378,850 | $449,540 |
Source: Ownwell
Property Tax Bills Across Canton, Buncombe County, North Carolina
Median Canton Tax Bill
$2,038
Median Buncombe County Tax Bill
$2,072
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Canton, Buncombe County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28716 | $663 | $1,352 | $2,038 | $2,522 | $3,030 |
Source: Ownwell