Mills River, Buncombe County, North Carolina Property Taxes

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

Median Mills River, NC effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Mills River, NC home value: $444,400
Median annual Mills River, NC tax bill: $2,613, $213 higher than the national median property tax bill of $2,400.

How are property taxes in Buncombe County calculated?

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

Last Updated March 1, 2025

Mills River, Buncombe County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$2,712

$2,517

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

Property Tax Rates Across Mills River, Buncombe County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate the budget required to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Mills River, located in Buncombe County, NC, the effective property tax rate stands at 0.59%. This is notably lower than the national median property tax rate of 1.02%. This means that the property owners in Mills River enjoy relatively lower tax rates compared to the national average. The median property tax rate in North Carolina is also lower than the national average, making Mills River an attractive location for property owners seeking lower tax obligations. By understanding these local tax dynamics, property owners can make more informed decisions and potentially save on their property taxes.

Property Tax Rates Across Mills River, Buncombe County, North Carolina

Source: Ownwell

0.62%

0.84%

1.05%

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 Mills River Tax Rate

0.62%

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 Mills River, Buncombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28759	0.62%	0.62%	0.62%	0.62%	0.93%

Source: Ownwell

Property Tax Assessment Values Across Mills River, Buncombe County, North Carolina

When examining property taxes in Mills River, 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 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 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 Mills River. For example, the median home price in Mills River is $444,400, with tax bills ranging significantly across the county. Zip code 28759 has the highest median home price at $444,400.

Property Tax Assessment Values Across Mills River, Buncombe County, North Carolina

Source: Ownwell

$65,700

$334,525

$603,350

Median Mills River Market Value

$437,400

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 Mills River, Buncombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28759	$252,080	$348,150	$437,400	$541,900	$629,710

Source: Ownwell

Property Tax Bills Across Mills River, Buncombe County, North Carolina

In Mills River, located in Buncombe County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and reflects the property's market value. The tax rate, set by local government authorities, is then applied to this assessed value to calculate the annual tax bill. For homeowners in Mills River, the median home price is $444,400, which can lead to varying tax bills. For instance, the 25th percentile tax bill is $2,135, while the 75th percentile reaches $3,163, and the 90th percentile is $3,718. These figures are slightly above the national median property tax bill of $2,400. High property taxes can significantly impact homeowners, affecting their monthly budgets and overall financial planning. Ownwell offers a solution by providing property tax appeal services, potentially reducing these burdensome bills. By leveraging expertise in property tax law and local market conditions, Ownwell helps homeowners identify opportunities for tax savings, ensuring they pay only their fair share.

Property Tax Bills Across Mills River, Buncombe County, North Carolina

Source: Ownwell

$557

$2,201

$3,844

Median Mills River Tax Bill

$2,722

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 Mills River, Buncombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28759	$1,770	$2,224	$2,722	$3,332	$3,944

Source: Ownwell