Brevard, Transylvania County, North Carolina Property Taxes

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

Median Brevard, NC effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Brevard, NC home value: $237,950
Median annual Brevard, NC tax bill: $1,494, $906 lower than the national median property tax bill of $2,400.

How are property taxes in Transylvania calculated?

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

Last Updated March 1, 2025

Brevard, Transylvania County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$1,570

$1,457

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

Property Tax Rates Across Brevard, Transylvania County, North Carolina

Local government entities set tax rates, which can vary widely within a state. 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.

In Brevard, located in Transylvania County, property tax rates reflect the county’s budgetary needs and the total assessed value of taxable property. Brevard's effective property tax rate is notably lower than the national median of 1.02%, making it an attractive location for property owners seeking lower tax burdens. This rate is consistent across the county, providing stability for homeowners and investors alike.

Comparing Brevard to other cities in North Carolina, it maintains a competitive edge with its favorable tax rate, which is also below the state median. This makes Brevard a compelling choice for those looking to maximize their investment while enjoying the benefits of lower property taxes.

Property Tax Rates Across Brevard, Transylvania County, North Carolina

Source: Ownwell

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 Brevard Tax Rate

0.66%

Median Effective Transylvania County Tax Rate

0.66%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brevard, Transylvania County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28712	0.60%	0.60%	0.66%	0.66%	0.66%

Source: Ownwell

Property Tax Assessment Values Across Brevard, Transylvania County, North Carolina

When examining property taxes in Brevard, 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 Transylvania 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. Assessment notices: 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 Brevard. For example, the median home price in Brevard is $237,950, with tax bills ranging significantly across the county. Zip code 28712 has the highest median home price at $237,950.

Property Tax Assessment Values Across Brevard, Transylvania County, North Carolina

Source: Ownwell

$116,555

$185,613

$254,670

Median Brevard Market Value

$237,950

Median Transylvania County Market Value

$218,910

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brevard, Transylvania County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28712	$98,497	$156,280	$237,950	$349,212	$499,118

Source: Ownwell

Property Tax Bills Across Brevard, Transylvania County, North Carolina

In Brevard, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the tax rate set by Transylvania County to determine the annual tax bill. Factors like property improvements, market trends, and neighborhood changes can influence assessed values. In Brevard, homeowners experience a median property tax bill of $1,494, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $962 and the 90th percentile reaching $3,179. This variability can impact homeowners’ finances, making it crucial to ensure that assessments are accurate. Ownwell helps homeowners by offering property tax appeal and exemption services, potentially reducing these tax burdens. By analyzing property data and market trends, Ownwell can identify discrepancies in assessed values, ensuring homeowners pay only their fair share. This service can lead to significant savings, providing peace of mind and financial relief.

Property Tax Bills Across Brevard, Transylvania County, North Carolina

Source: Ownwell

$767

$1,212

$1,657

Median Brevard Tax Bill

$1,494

Median Transylvania County Tax Bill

$1,388

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Brevard, Transylvania County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28712	$568	$962	$1,494	$2,204	$3,179

Source: Ownwell