Swannanoa, Buncombe County, North Carolina Property Taxes
Median Swannanoa, 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 Swannanoa, NC home value: $216,100
Median annual Swannanoa, NC tax bill: $1,333, $1,067 lower than the national median property tax bill of $2,400.
How are property taxes in Buncombe County calculated?
Property taxes in Swannanoa, 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 Swannanoa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Swannanoa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Swannanoa, Buncombe County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$1,361
$1,263
Ownwell’s Swannanoa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Swannanoa with just two data points.
By entering your property's estimated assessed value, our calculator applies Swannanoa’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 Swannanoa, Buncombe County, North Carolina
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Swannanoa, located in Buncombe County, North Carolina, the effective property tax rate stands at 0.63%. This rate is notably lower than the national median property tax rate of 1.02%. Swannanoa offers a more affordable property tax burden compared to other areas, potentially making it an attractive option for homeowners looking to minimize their tax expenses.
By comparing Swannanoa’s effective property tax rate to other cities in North Carolina and the median property tax rates in the U.S., prospective homeowners can better understand the financial implications of owning property in this region. The lower tax rate in Swannanoa could mean significant savings for property owners, enhancing the appeal of investing in real estate 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 Swannanoa Tax Rate
0.63%
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
0.63%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Swannanoa, Buncombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28778 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Swannanoa, Buncombe County, North Carolina
When examining property taxes in Swannanoa, 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.
In Buncombe 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 Swannanoa. For example, the median home price in Swannanoa is $216,100, with tax bills ranging significantly across the county. Zip code 28778 has the highest median home price at $216,100.
Property Tax Assessment Values Across Swannanoa, Buncombe County, North Carolina
Source: Ownwell
$53,200
$328,050
$602,900
Median Swannanoa Market Value
$216,100
Median Buncombe County Market Value
$268,800
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Swannanoa, Buncombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28778 | $85,600 | $151,350 | $216,100 | $293,300 | $386,800 |
Source: Ownwell
Property Tax Bills Across Swannanoa, Buncombe County, North Carolina
Median Swannanoa Tax Bill
$1,333
Median Buncombe County Tax Bill
$1,904
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Swannanoa, Buncombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28778 | $451 | $877 | $1,333 | $1,809 | $2,392 |
Source: Ownwell
