Property Taxes in Balsam Grove, North Carolina
Median Balsam Grove, North Carolina effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Balsam Grove, North Carolina home value: $142,400
Median annual Balsam Grove, North Carolina tax bill: $854, $1,546 lower than the national median property tax bill of $2,400.
How are property taxes in Transylvania calculated?
Property taxes in Balsam Grove, North Carolina 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 Balsam Grove's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Balsam Grove, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Balsam Grove Property Tax Calculator Work?
Use this Balsam Grove property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Balsam Grove's median effective tax rate of 0.66% — based on actual property records in Transylvania County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Balsam Grove's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Balsam Grove: rates range from 0.66% in 28708 to 0.66% in 28708, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Balsam Grove.
About Balsam Grove Property Taxes
About Property Taxes in Balsam Grove, Transylvania, North Carolina
Balsam Grove's median effective property tax rate of 0.66% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Transylvania County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Balsam Grove. Homeowners in the 28708 ZIP code carry a median effective rate of 0.66%, while those in the same ZIP code pay 0.66%. This spread reflects how school district boundaries and local assessment districts are drawn across Transylvania County. Understanding which part of Balsam Grove you live in can make a meaningful difference to your annual tax bill.
Balsam Grove homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Balsam Grove, Transylvania County, North Carolina
As noted earlier, 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 Balsam Grove's effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
Property Tax Rates Across Balsam Grove, Transylvania County, North Carolina
Source: Ownwell
0.66%
0.66%
0.66%
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 Balsam Grove Tax Rate
0.66%
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 Transylvania County Tax Rate
0.66%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Balsam Grove, Transylvania County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28708 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Balsam Grove, Transylvania County, North Carolina
When examining property taxes in Balsam Grove, 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 Transylvania 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.
Assessment notices:
In Transylvania County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Balsam Grove.
For example, the median home price in Balsam Grove is $142,400, with tax bills ranging significantly across the county. 28708 has the highest median home price at $142,400.
Property Tax Assessment Values Across Balsam Grove, Transylvania County, North Carolina
Source: Ownwell
$117,560
$190,445
$263,330
Median Balsam Grove Market Value
$142,400
Median Transylvania County Market Value
$220,620
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Balsam Grove, Transylvania County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28708 | $50,395 | $87,152 | $142,400 | $223,175 | $335,095 |
Source: Ownwell
Property Tax Bills Across Balsam Grove, Transylvania County, North Carolina
Property tax bills in Balsam Grove are calculated by applying the local property tax rate to a home’s assessed value, which is based on the market value of the property. For a typical home with a median home price of $142,400, the assessed value is the starting point for determining what a homeowner owes each year.
Several factors can affect the final bill, including the home’s location within Transylvania County and any changes in market value over time. In Balsam Grove, the median property tax bill is $854.00, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Bills can still vary widely, with the 25th percentile at $546 and the 90th percentile at $2,123.
For homeowners, this means property taxes can be a meaningful ongoing expense, and even modest changes in assessed value can affect annual costs.
Property Tax Bills Across Balsam Grove, Transylvania County, North Carolina
Source: Ownwell
$773
$1,236
$1,698
Median Balsam Grove Tax Bill
$854
Median Transylvania County Tax Bill
$1,401
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across Balsam Grove, Transylvania County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28708 | $304 | $546 | $854 | $1,391 | $2,123 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 4 |
Links | |
|---|---|
| Transylvania Tax Assessor | |
| Website | tax.transylvaniacounty.org |