Chimney Rock, Rutherford County, North Carolina Property Taxes

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

Median Chimney Rock, NC effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Chimney Rock, NC home value: $266,100
Median annual Chimney Rock, NC tax bill: $1,690, $710 lower than the national median property tax bill of $2,400.

How are property taxes in Rutherford County calculated?

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

Last Updated March 1, 2025

Chimney Rock, Rutherford County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.61%

Estimate Property Tax Bill

$1,623

$1,506

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

Property Tax Rates Across Chimney Rock, Rutherford County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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 Chimney Rock’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Chimney Rock, located in Rutherford County, has a median property tax rate of 0.61%. This rate is notably lower than the national median property tax rate of 1.02%. Homeowners in Chimney Rock benefit from this lower rate, which can lead to substantial savings compared to many other regions across the country. Understanding these rates can help property owners make informed decisions, especially when considering the financial implications of property ownership in different areas.

Property Tax Rates Across Chimney Rock, Rutherford County, North Carolina

Source: Ownwell

0.37%

0.49%

0.62%

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 Chimney Rock Tax Rate

0.61%

Median Effective Rutherford County Tax Rate

0.45%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chimney Rock, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28720	0.45%	0.52%	0.61%	0.89%	0.93%

Source: Ownwell

Property Tax Assessment Values Across Chimney Rock, Rutherford County, North Carolina

When examining property taxes in Chimney Rock, 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 Rutherford 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 Rutherford 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 Chimney Rock. For example, the median home price in Chimney Rock is $266,100, with tax bills ranging significantly across the county. Zip code 28720 has the highest median home price at $266,100.

Property Tax Assessment Values Across Chimney Rock, Rutherford County, North Carolina

Source: Ownwell

$69,600

$168,900

$268,200

Median Chimney Rock Market Value

$266,100

Median Rutherford County Market Value

$123,100

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chimney Rock, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28720	$127,150	$157,300	$266,100	$530,325	$713,070

Source: Ownwell

Property Tax Bills Across Chimney Rock, Rutherford County, North Carolina

In Chimney Rock, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to determine the tax bill. For homeowners in Rutherford County, where Chimney Rock is located, the median home price is $266,100, and property tax bills can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $847, while those in the 75th percentile might see bills as high as $3,265. Comparatively, the national median property tax bill is $2,400. This variability can impact homeowners' finances, making it essential to ensure their property is assessed accurately. Ownwell offers services to help homeowners potentially lower their property tax bills by appealing inaccurate assessments and identifying available exemptions. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell can guide homeowners through the process, potentially resulting in significant savings on their annual tax bills.

Property Tax Bills Across Chimney Rock, Rutherford County, North Carolina

Source: Ownwell

$333

$1,012

$1,690

Median Chimney Rock Tax Bill

$1,690

Median Rutherford County Tax Bill

$516

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Chimney Rock, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28720	$696	$847	$1,690	$3,265	$4,967

Source: Ownwell