Tryon, Polk County, North Carolina Property Taxes

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

Median Tryon, NC effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Tryon, NC home value: $237,364
Median annual Tryon, NC tax bill: $1,510, $890 lower than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

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

Last Updated March 1, 2025

Tryon, Polk 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

$1,519

$1,410

Ownwell’s Tryon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tryon with just two data points. By entering your property's estimated assessed value, our calculator applies Tryon’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 Polk County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tryon, Polk 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 annually to provide services, then dividing that budget by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.

Tryon in Polk County, NC, has an effective property tax rate that stands out compared to other cities in North Carolina. The median property tax rate here is 0.64%, which is significantly lower than the national median of 1.02%. This means that property owners in Tryon benefit from lower property taxes compared to the national average. For those considering property ownership in Tryon, this lower tax rate could translate into substantial savings over time. Moreover, when compared to other cities within the state, Tryon maintains a competitive position, offering both economic benefits and quality local services.

Property Tax Rates Across Tryon, Polk County, North Carolina

Source: Ownwell

0.63%

0.66%

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 Tryon Tax Rate

0.64%

Median Effective Polk County Tax Rate

0.64%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tryon, Polk County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28782	0.57%	0.57%	0.64%	0.69%	0.69%

Source: Ownwell

Property Tax Assessment Values Across Tryon, Polk County, North Carolina

When examining property taxes in Tryon, 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 Polk County Tax Office 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 Polk 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 Tryon.

For example, the median home price in Tryon is $237,364, with tax bills ranging significantly across the county. The 28782 zip code has the highest median home price at $237,364.

Property Tax Assessment Values Across Tryon, Polk County, North Carolina

Source: Ownwell

$182,271

$209,818

$237,364

Median Tryon Market Value

$237,364

Median Polk County Market Value

$228,216

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tryon, Polk County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28782	$91,791	$150,307	$237,364	$375,583	$571,453

Source: Ownwell

Property Tax Bills Across Tryon, Polk County, North Carolina

In Tryon, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Tryon is $237,364, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and market conditions can influence the assessed value. In comparison to the national median property tax bill of $2,400, Tryon's median tax bill is more favorable, with the 25th percentile at $941 and the 75th percentile at $2,383. This suggests that while some homeowners might pay less than the national average, others could pay a similar amount. Homeowners in Tryon can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax bills by ensuring their property is accurately assessed. This can lead to significant savings and provide peace of mind for homeowners concerned about their property tax expenses.

Property Tax Bills Across Tryon, Polk County, North Carolina

Source: Ownwell

$1,183

$1,470

$1,756

Median Tryon Tax Bill

$1,510

Median Polk County Tax Bill

$1,542

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Tryon, Polk County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28782	$572	$941	$1,510	$2,383	$3,682

Source: Ownwell