A new study by financial technology firm SmartAsset finds the places in North Carolina where residents receive the most value for what they pay in property taxes.
The study measures the effective property tax paid in each county to determine the relative property tax burden. From there, the study analyzes proficiency in local school districts and the change in home value throughout a five year period.
Taken together, these factors determine where residents are seeing the most value for their property taxes. For a look at the top performing counties in North Carolina
| Rank | County | Property Tax Rate | School Rating | Home Value Growth | Home Value Growth Index |
|---|---|---|---|---|---|
| 1 | Mitchell, NC | 0.59% | 7.00 | 27.96% | 53.85 |
| 2 | Chatham, NC | 0.75% | 9.00 | 25.78% | 52.17 |
| 3 | Polk, NC | 0.60% | 10.00 | 24.74% | 51.37 |
| 4 | Transylvania, NC | 0.54% | 8.00 | 23.14% | 50.13 |
| 5 | Montgomery, NC | 0.79% | 3.00 | 21.82% | 49.12 |
| 6 | Mecklenburg, NC | 1.05% | 8.00 | 20.84% | 48.36 |
| 7 | Union, NC | 0.82% | 10.00 | 17.96% | 46.14 |
| 8 | Franklin, NC | 0.91% | 4.00 | 16.55% | 45.05 |
| 9 | Buncombe, NC | 0.69% | 9.00 | 16.27% | 44.83 |
| 10 | Wake, NC | 0.88% | 10.00 | 16.07% | 44.68 |
| NC | 0.85% | 5.59 | 8.01% |
Additional details on the study, including the methodology and interactive map, can be found here: https://smartasset.com/taxes/