Nebo, Mcdowell County, North Carolina Property Taxes

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

Median Nebo, NC effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Nebo, NC home value: $142,960
Median annual Nebo, NC tax bill: $917, $1,483 lower than the national median property tax bill of $2,400.

How are property taxes in McDowell County calculated?

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

Last Updated March 1, 2025

Nebo, Mcdowell County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$984

$913

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

By entering your property's estimated assessed value, our calculator applies NEBO’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 McDowell County.

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

Property Tax Rates Across Nebo, Mcdowell County, North Carolina

Local government entities determine property tax rates, and these rates can differ significantly across a state. This variation arises because each county estimates its budget needs annually to fund essential services and then divides this budget by the total assessed value of all taxable properties within its boundaries. This process results in the property tax rate. Although voting and legislation play roles in setting these rates and budgets, this is the general annual procedure.

In NEBO, located in McDowell County, the effective property tax rate is 0.66%. This rate is notably lower than the national median property tax rate of 1.02%. When you compare NEBO’s rate to the broader state and national figures, it becomes clear that property owners in NEBO benefit from relatively lower property taxes. This can be an attractive factor for potential property buyers or current homeowners looking to appeal their property tax assessments. Understanding these rates can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Nebo, Mcdowell County, North Carolina

Source: Ownwell

0.66%

0.68%

0.71%

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 Nebo Tax Rate

0.66%

Median Effective Mcdowell 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 Nebo, Mcdowell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28761	0.56%	0.66%	0.66%	0.67%	0.67%

Source: Ownwell

Property Tax Assessment Values Across Nebo, Mcdowell County, North Carolina

When examining property taxes in Nebo, North Carolina, 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 McDowell 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 McDowell 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 Nebo. For example, the median home price in Nebo is $142,960, with tax bills ranging significantly across the county. Zip code 28761 has the highest median home price at $142,960.

Property Tax Assessment Values Across Nebo, Mcdowell County, North Carolina

Source: Ownwell

$76,740

$327,523

$578,305

Median Nebo Market Value

$149,140

Median Mcdowell County Market Value

$116,840

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Nebo, Mcdowell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28761	$33,100	$77,730	$149,140	$360,250	$703,756

Source: Ownwell

Property Tax Bills Across Nebo, Mcdowell County, North Carolina

In NEBO, located in McDowell County, NC, property tax bills are primarily determined by the assessed value of a home, which is based on the market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. With a median home price of $142,960, homeowners in NEBO see tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $482, while at the 75th percentile, it reaches $2,203. The highest median tax bill recorded in NEBO is $917, which is below the national median property tax bill of $2,400. Factors such as property location, improvements, and market fluctuations can influence the assessed value, impacting the homeowner's tax burden. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners in NEBO pay only their fair share, ultimately leading to significant savings.

Property Tax Bills Across Nebo, Mcdowell County, North Carolina

Source: Ownwell

$528

$2,332

$4,136

Median Nebo Tax Bill

$917

Median Mcdowell County Tax Bill

$756

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Nebo, Mcdowell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28761	$194	$463	$917	$2,330	$4,647

Source: Ownwell