Deep Gap, Watauga County, North Carolina Property Taxes

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

Median DEEP GAP, NC effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median DEEP GAP, NC home value: $238,500
Median annual DEEP GAP, NC tax bill: $963, $1,437 lower than the national median property tax bill of $2,400.

How are property taxes in Watauga calculated?

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

Last Updated March 1, 2025

Deep Gap, Watauga County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.41%

Estimate Property Tax Bill

$978

$907

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

Property Tax Rates Across Deep Gap, Watauga County, North Carolina

Local government entities determine property tax rates, which can significantly differ within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation establishes the property tax rate. Although the process involves votes and laws, this is the crux of how tax rates and budgets are set annually.

In Deep Gap, located in Watauga County, the effective property tax rate is 0.41%. This rate is lower than the national median property tax rate of 1.02%. The median property tax bill in Deep Gap is also likely to be lower than the national median of $2400, given the lower tax rate. This comparison illustrates how property tax rates in Deep Gap are more favorable compared to many other regions across the U.S. Homeowners in Deep Gap benefit from this lower rate, making it an attractive location for those looking to reduce their property tax burden.

Property Tax Rates Across Deep Gap, Watauga County, North Carolina

Source: Ownwell

0.40%

0.71%

1.02%

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 Deep Gap Tax Rate

0.41%

Median Effective Watauga County Tax Rate

0.41%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Deep Gap, Watauga County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28618	0.37%	0.39%	0.41%	0.43%	0.45%

Source: Ownwell

Property Tax Assessment Values Across Deep Gap, Watauga County, North Carolina

When examining property taxes in Deep Gap, 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 Watauga 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 Watauga 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 Deep Gap.

For example, the median home price in Deep Gap is $238,500, with tax bills ranging significantly across the county. 28618 has the highest median home price at $238,500.

Property Tax Assessment Values Across Deep Gap, Watauga County, North Carolina

Source: Ownwell

$203,150

$333,300

$463,450

Median Deep Gap Market Value

$238,500

Median Watauga County Market Value

$321,300

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Deep Gap, Watauga County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28618	$88,300	$150,700	$238,500	$353,100	$497,500

Source: Ownwell

Property Tax Bills Across Deep Gap, Watauga County, North Carolina

In Deep Gap, located in Watauga County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. With a median home price of $238,500, homeowners in this area can expect varying tax bills. For example, those at the 25th percentile pay around $629, while those at the 90th percentile face bills up to $1,918. Despite these fluctuations, the median property tax bill in Deep Gap remains significantly below the national median of $2,400, reflecting a more affordable tax burden for local homeowners. However, property assessments can sometimes be inaccurate, leading to higher tax bills than necessary. This is where Ownwell can assist. By providing expert property tax appeal services, Ownwell helps homeowners ensure their property assessments are fair, potentially reducing their tax bills and saving them money.

Property Tax Bills Across Deep Gap, Watauga County, North Carolina

Source: Ownwell

$805

$2,096

$3,386

Median Deep Gap Tax Bill

$963

Median Watauga County Tax Bill

$1,552

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Deep Gap, Watauga County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28618	$360	$629	$963	$1,401	$1,918

Source: Ownwell