Effective rates are adjusted county
and municipal rates which aid in comparison of
jurisdictions. As counties are on various revaluation
cycles, the ratio of assessed value to the actual
value differ. These differences are adjusted by
applying the sales assessment ratio (the ratio
of selling price of property to the assessed value
of property) to the tax rate to obtain an effective
rate. No special district rates are included
Year of
Last Revaluation
Sales/Assess
Ratio 2002
County/Municipality
County
Rates
Municipal
Rates
Rate for County &
Municipality
Effective
County
Rates
Effective
Municiapal
Rates
Effective Rate for County & Municiaplity
1999
.7942
ALLEGHANY
.55
.55
.4368
.4368
Sparta
.55
.20
.75
.4368
.1588
.5957
1998
.7100
ASHE
.58
.58
.4118
.4118
Jefferson
.58
.35
.93
.4118
.2485
.6603
Lansing
.58
.46
1.04
.4118
.3266
.7384
West Jefferson
.58
.52
1.10
.4118
.3692
.7810
2002
1.000
AVERY
.53
.53
.5300
.5300
Banner Elk
.53
.55
1.08
.5300
.5500
1.0800
Beech Mountain
.53
.625
1.155
.5300
.6250
1.1550
Crossnore
.53
.24
.77
.5300
.2400
.7700
Elk Park
.53
.32
.85
.5300
.3200
.8500
Newland
.53
.33
.86
.5300
.3300
.8600
Seven Devils
.53
.58
1.11
.5300
.5800
1.1100
Sugar Mountain
.53
.52
1.05
.5300
.5200
1.0500
2001
.8462
MITCHELL
.53
.58
.4485
.4118
Bakersville
.53
.49
1.02
.4485
.4146
.8631
Spruce Pine
.53
.40
.93
.4485
.3385
.7870
*2002
.9689
WATAUGA
.37
.53
.5300
.5300
Beech Mountain
.37
.625
.995
.3585
.6056
.9641
Blowing Rock
.37
.305
.675
.3585
.2955
.7730
Boone
.37
.39
.76
.3585
.3779
.7364
Seven Devils
.37
.58
.95
.3585
.5620
.9205
*1998
.8442
WILKES
.655
.58
.4118
.4118
North Wilkesboro
.655
.46
1.115
.5530
.3883
.9413
Ronda
.655
.40
1.055
.5530
.3377
.8906
Wilkesboro
.655
.34
.995
.5530
.2870
.8400
1998
.8963
YANCEY
.50
.50
.4482
.4482
Burnsville
.50
.50
1.00
.4482
.4482
.8964
Sales assessment ration furnished
by Property Tax Division, NC Department of Revenue
* All counties must revalue real
property at least every 8 years, but may elect
to revalue more frequently. These counties have
adopted a more frequent revaluation schedule.
Source: NC Department of Revenue,
Tax Research Division
Click
here for all of North Carolina County and
Municipal Tax Rates (requires Acrobat Reader)
