Mars Hill, Madison County, North Carolina Property Taxes

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

Median Mars Hill, NC effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Mars Hill, NC home value: $202,338
Median annual Mars Hill, NC tax bill: $1,265, $1,135 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Mars Hill, Madison County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.64%

Estimate Property Tax Bill

$1,295

$1,202

Ownwell’s Mars Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mars Hill with just two data points. By entering your property's estimated assessed value, our calculator applies Mars Hill’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by Madison 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 Madison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mars Hill, Madison County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing 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.

In Mars Hill, located in Madison County, North Carolina, property owners experience an effective property tax rate of 0.64%. This rate stands out when compared to the national median property tax rate of 1.02%. Mars Hill's property tax rate offers a more favorable environment for property owners, potentially leading to lower annual tax bills compared to the national average. The local rate aligns with the state’s median, showcasing consistency across the region. This consistency can be advantageous for residents as it provides predictability in property tax expenses. Additionally, with the national median property tax bill at $2400, Mars Hill residents might find themselves at an advantage when budgeting for annual tax obligations.

Property Tax Rates Across Mars Hill, Madison County, North Carolina

Source: Ownwell

0.56%

0.60%

0.64%

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 Mars Hill Tax Rate

0.64%

Median Effective Madison County Tax Rate

0.62%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mars Hill, Madison County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28754	0.57%	0.59%	0.64%	0.69%	0.76%

Source: Ownwell

Property Tax Assessment Values Across Mars Hill, Madison County, North Carolina

When examining property taxes in Mars Hill, 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 Madison 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 Madison 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 Mars Hill. For example, the median home price in Mars Hill is $202,338, with tax bills ranging significantly across the county. Zip code 28754 has the highest median home price at $202,338.

Property Tax Assessment Values Across Mars Hill, Madison County, North Carolina

Source: Ownwell

$140,735

$214,348

$287,960

Median Mars Hill Market Value

$202,338

Median Madison County Market Value

$177,610

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mars Hill, Madison County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28754	$80,911	$130,096	$202,338	$289,404	$402,981

Source: Ownwell

Property Tax Bills Across Mars Hill, Madison County, North Carolina

In Mars Hill, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Madison County, where Mars Hill is located, the median home price is $202,338. The property tax bill in this region can range significantly, with the 25th percentile at $863 and the 75th percentile at $1,766. However, some homeowners in Mars Hill might face tax bills as high as $2,386, reflecting variations in property assessments and local tax rates. Compared to the national median property tax bill of $2,400, Mars Hill's tax bills can be relatively moderate, but they still represent a significant expense for homeowners. Ownwell offers valuable assistance by helping homeowners appeal their property assessments and secure potential exemptions, which can lead to substantial savings on their annual property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Mars Hill, Madison County, North Carolina

Source: Ownwell

$830

$1,332

$1,833

Median Mars Hill Tax Bill

$1,265

Median Madison County Tax Bill

$1,078

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Mars Hill, Madison County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28754	$582	$863	$1,265	$1,766	$2,386

Source: Ownwell