Old Fort, Mcdowell County, North Carolina Property Taxes

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

Median OLD FORT, NC effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median OLD FORT, NC home value: $110,930
Median annual OLD FORT, NC tax bill: $729, $1,671 lower than the national median property tax bill of $2,400.

How are property taxes in McDowell calculated?

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

Last Updated March 1, 2025

Old Fort, Mcdowell County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$765

$710

Ownwell’s Old Fort Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Old Fort with just two data points. By entering your property's estimated assessed value, our calculator applies Old Fort’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 Old Fort, Mcdowell County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget 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. Below, you can compare Old Fort’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

Property Tax Rates Across Old Fort, Mcdowell County, North Carolina

Source: Ownwell

0.66%

0.67%

0.69%

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 Old Fort Tax Rate

0.69%

Median Effective Mcdowell County Tax Rate

0.68%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Old Fort, Mcdowell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28762	0.66%	0.68%	0.69%	0.69%	0.69%

Source: Ownwell

Property Tax Assessment Values Across Old Fort, Mcdowell County, North Carolina

When examining property taxes in Old Fort, 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 McDowell County Tax Assessor 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 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 Old Fort.

For example, the median home price in Old Fort is $110,930, with tax bills ranging significantly across the county. Zip code 28762 has the highest median home price at $110,930.

Property Tax Assessment Values Across Old Fort, Mcdowell County, North Carolina

Source: Ownwell

$104,560

$371,168

$637,775

Median Old Fort Market Value

$110,930

Median Mcdowell County Market Value

$111,420

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Old Fort, Mcdowell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28762	$31,496	$66,390	$110,930	$208,590	$369,498

Source: Ownwell

Property Tax Bills Across Old Fort, Mcdowell County, North Carolina

In Old Fort, McDowell County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, and the local tax rate is set by the county. Homeowners in Old Fort face a median property tax bill of $729, which is significantly lower than the national median of $2400. However, the tax bill can vary, with the 25th percentile at $417 and the 75th percentile reaching $1367. Factors such as the property's location, improvements, and local government budgets influence these variations. High property taxes can strain homeowners financially, especially when unexpected increases occur. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing market trends and property assessments, Ownwell identifies opportunities for reducing tax liabilities. This can lead to substantial savings, ensuring homeowners pay only their fair share. With Ownwell's help, homeowners can navigate the complexities of property taxation confidently and efficiently.

Property Tax Bills Across Old Fort, Mcdowell County, North Carolina

Source: Ownwell

$676

$2,434

$4,192

Median Old Fort Tax Bill

$729

Median Mcdowell County Tax Bill

$723

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Old Fort, Mcdowell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28762	$210	$417	$729	$1,367	$2,462

Source: Ownwell