Spruce Pine, Mitchell County, North Carolina Property Taxes
Median Spruce Pine, 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 Spruce Pine, NC home value: $139,900
Median annual Spruce Pine, NC tax bill: $859, $1,541 lower than the national median property tax bill of $2,400.
How are property taxes in Mitchell County calculated?
Property taxes in Spruce Pine, 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 Spruce Pine’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spruce Pine, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Spruce Pine, 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
$881
$818
Ownwell’s Spruce Pine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spruce Pine with just two data points.
By entering your property's estimated assessed value, our calculator applies Spruce Pine’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 Mitchell County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Spruce Pine, Mitchell County, North Carolina
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in establishing tax rates and budgets, this is essentially the process that occurs each year.
In Spruce Pine, located in Mitchell County, the effective property tax rate is a notable figure when compared to other cities in North Carolina. The median property tax rate in North Carolina is lower than the national median property tax rate of 1.02%. For residents of Spruce Pine, understanding how their property tax rate compares to both state and national figures can offer valuable insights into their financial obligations and potential savings. By considering these comparisons, property owners can make informed decisions about appealing their property taxes or seeking exemptions to reduce their tax burden.
Property Tax Rates Across Spruce Pine, 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 Spruce Pine 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 Spruce Pine, Mitchell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28777 | 0.56% | 0.63% | 0.63% | 0.63% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Spruce Pine, Mitchell County, North Carolina
When examining property taxes in Spruce Pine, 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 Spruce Pine. For example, the median home price in Spruce Pine is $139,900, with tax bills ranging significantly across the county. Zip code 28777 has the highest median home price at $139,900.
Property Tax Assessment Values Across Spruce Pine, Mitchell County, North Carolina
Source: Ownwell
$132,800
$139,650
$146,500
Median Spruce Pine Market Value
$139,900
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 Spruce Pine, Mitchell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28777 | $11,340 | $56,900 | $139,900 | $242,850 | $362,400 |
Source: Ownwell
Property Tax Bills Across Spruce Pine, Mitchell County, North Carolina
Median Spruce Pine Tax Bill
$859
Median Mitchell County Tax Bill
$856
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Spruce Pine, Mitchell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28777 | $146 | $388 | $859 | $1,493 | $2,266 |
Source: Ownwell