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Average Housing Costs |
2 Bedroom house |
$135,339 |
3 Bedroom house |
$201,263 |
4+ Bedroom house |
$358,461 |
2 Bedroom condo |
$173,262 |
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| Average Appartment Rental Rates |
2 Bedroom, 1 1/2 Bath apartment |
$750.00 |
Cost of Housing
Property Tax
• Valuation is required every eight years; however, Buncombe County revaluates every four years.
• Assessments are based on 100 percent of appraised value.
• Rates are calculated per $100 of assessed value.
• Rates are determined annually.
• Only one valuation is done per county; however, county and city governments set separate rates based on the same valuation.
• Property located inside city limits is assessed both city and county taxes.
• Household tangible personal property in the personal residence of the owner is exempt.
Last Year of Revaluation 2002, Next Revaluation 2006, Buncombe County
Buncombe County and Incorporated Area Rates (Effective July 1, 2003 - June 30, 2004) |
City/Town |
City Rate |
County Rate |
School Tax |
Total Rate |
Asheville |
$0.530 |
$0.59 |
$0.20 |
$1.320 |
Biltmore Forest |
$0.360 |
$0.59 |
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$0.950 |
Black Mountain |
$0.385 |
$0.59 |
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$0.975 |
Montreat |
$0.350 |
$0.59 |
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$0.940 |
Weaverville |
$0.430 |
$0.59 |
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$1.020 |
Woodfin |
$0.285 |
$0.59 |
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$0.875 |
Source: Asheville Chamber of Commerce (2005) |
Find out more about Asheville's: |
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© 2005 Coldwell Banker Real Estate Corporation.
Each Office Independently Owned and Operated.
COLDWELL BANKER ® is a licensed trademark of
Coldwell Banker Real Estate Corporation.
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