Chimney Rock, Rutherford County, North Carolina Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,623
$1,506
Property Tax Rates Across Chimney Rock, Rutherford County, North Carolina
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%
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 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
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