Fontana Dam, Graham County, North Carolina Property Taxes

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

Median Fontana Dam, NC effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Fontana Dam, NC home value: $181,050
Median annual Fontana Dam, NC tax bill: $1,045, $1,355 lower than the national median property tax bill of $2,400.

How are property taxes in Graham calculated?

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

Last Updated March 1, 2025

Fontana Dam, Graham County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$1,184

$1,099

Ownwell’s Fontana Dam Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fontana Dam with just two data points.

By entering your property's estimated assessed value, our calculator applies Fontana Dam’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 Graham County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fontana Dam, Graham County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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.

Fontana Dam in Graham County, NC, has a median property tax rate of 0.59%. This rate is significantly lower than the national median property tax rate of 1.02%. Such a difference can result in substantial savings for property owners in Fontana Dam compared to the national average. The property tax rate in Fontana Dam is consistent with the highest and lowest rates within Graham County, indicating a uniform approach to property taxation within the area. The median property tax rate in Fontana Dam is also lower than the national average property tax bill of $2400, potentially offering more affordable living for residents.

Property Tax Rates Across Fontana Dam, Graham County, North Carolina

Source: Ownwell

0.59%

0.69%

0.80%

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 Fontana Dam Tax Rate

0.59%

Median Effective Graham County Tax Rate

0.59%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fontana Dam, Graham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28733	0.31%	0.59%	0.59%	0.59%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Fontana Dam, Graham County, North Carolina

When examining property taxes in Fontana Dam, 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 Graham 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 Graham 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 Fontana Dam. For example, the median home price in Fontana Dam is $181,050, with tax bills ranging significantly across the county. Zip code 28733 has the highest median home price at $181,050.

Property Tax Assessment Values Across Fontana Dam, Graham County, North Carolina

Source: Ownwell

$121,740

$299,270

$476,800

Median Fontana Dam Market Value

$200,640

Median Graham County Market Value

$124,445

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fontana Dam, Graham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28733	$53,604	$97,380	$200,640	$262,290	$395,534

Source: Ownwell

Property Tax Bills Across Fontana Dam, Graham County, North Carolina

In Fontana Dam, located in Graham County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by local tax assessors. Homeowners in Fontana Dam experience a range of property tax bills, with the 25th percentile at $487 and the 75th percentile reaching $1,548. The highest median tax bill in the area is $1,045, which is notably lower than the national median of $2,400. This relatively low tax bill can be attributed to the area's median home price of $181,050, which is below the national average. For homeowners, property taxes are a significant expense, and even a small reduction can lead to substantial savings over time. Ownwell offers services to help homeowners appeal their property tax assessments, potentially lowering their tax bills. By leveraging expertise in property tax laws and local market conditions, Ownwell assists homeowners in achieving fair property tax assessments and maximizing their savings.

Property Tax Bills Across Fontana Dam, Graham County, North Carolina

Source: Ownwell

$761

$2,316

$3,871

Median Fontana Dam Tax Bill

$1,068

Median Graham County Tax Bill

$771

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Fontana Dam, Graham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28733	$259	$487	$1,068	$1,548	$2,334

Source: Ownwell