Bakersville, Mitchell County, North Carolina Property Taxes
Median Bakersville, 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 Bakersville, NC home value: $146,500
Median annual Bakersville, NC tax bill: $873, $1,527 lower than the national median property tax bill of $2,400.
How are property taxes in Mitchell County calculated?
Property taxes in Bakersville, 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 Bakersville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bakersville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bakersville, Mitchell 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
$923
$856
Property Tax Rates Across Bakersville, Mitchell County, North Carolina
Local government entities set tax rates, leading to significant variation within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Bakersville, located in Mitchell County, NC, the effective property tax rate is 0.63%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities within North Carolina, Bakersville maintains a consistent rate, as it shares the same tax rate across the board. This uniformity offers a stable tax environment for property owners. Additionally, the median property tax bill is significantly below the national median of $2,400, making it an attractive location for property investment. Understanding these dynamics can help property owners in Bakersville and beyond make informed decisions about their investments and potential tax savings.
Property Tax Rates Across Bakersville, Mitchell County, North Carolina
Source: Ownwell
0.63%
0.63%
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 Bakersville 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 Mitchell 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 Bakersville, Mitchell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28705 | 0.50% | 0.63% | 0.63% | 0.63% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Bakersville, Mitchell County, North Carolina
When examining property taxes in Bakersville, 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 Mitchell 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 Mitchell 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 Bakersville. For example, the median home price in Bakersville is $146,500, with tax bills ranging significantly across the county. Zip code 28705 has the highest median home price at $146,500.
Property Tax Assessment Values Across Bakersville, Mitchell County, North Carolina
Source: Ownwell
$132,800
$139,650
$146,500
Median Bakersville Market Value
$146,500
Median Mitchell County Market Value
$141,700
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bakersville, Mitchell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28705 | $18,600 | $69,700 | $146,500 | $249,500 | $371,440 |
Source: Ownwell
Property Tax Bills Across Bakersville, Mitchell County, North Carolina
In the city of Bakersville, located in Mitchell County, NC, property tax bills are determined by assessing the property's market value and applying the local tax rate. The tax rate in this area is influenced by various factors, including local government budgets and public service funding needs. Homeowners in Bakersville typically see property tax bills with a median value of $873, significantly lower than the national median property tax bill of $2400. However, property tax bills can vary widely, with the 25th percentile at $435 and the 90th percentile reaching $2284. These fluctuations can impact homeowners' financial planning and budgeting.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing expert property tax appeal services, Ownwell helps ensure that property assessments are fair and accurate. This can lead to significant savings for homeowners, as a successful appeal can lower the assessed value of a property, thereby reducing the overall tax bill. Homeowners can rely on Ownwell to navigate the complexities of property tax assessments and secure potential savings.
Median Bakersville Tax Bill
$873
Median Mitchell County Tax Bill
$856
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Bakersville, Mitchell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28705 | $172 | $435 | $873 | $1,515 | $2,284 |
Source: Ownwell
