Boynton Beach, North Carolina Property Taxes
The median property tax rate in Boynton Beach, NC is 0.16%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $446,700 in Boynton Beach, the typical annual property tax bill is $722, well below the national median of $2,690. Property taxes in Boynton Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Boynton Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Boynton Beach or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boynton Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.16%
Estimate Property Tax Bill
$715
Ownwell’s Boynton Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boynton Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boynton Beach to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Avery County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Boynton Beach, North Carolina
Property taxes in Boynton Beach, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boynton Beach is 0.16%, significantly lower than both the North Carolina state median of 0.77% and the U.S. national median of 0.99%. Local government entities within Boynton Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boynton Beach estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Boynton Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in the state is 1.07%, while the lowest median tax rate is 0.45%. Understanding how these cities compare with Boynton Beach provides valuable insights into the varying tax landscape across Avery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boynton Beach Tax Rate
0.16%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boynton Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33473 | 0.16% | 0.16% | 0.16% | 0.16% | 0.16% |
Source: Ownwell
Property Tax Assessment Values Across Boynton Beach, North Carolina
In Boynton Beach, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Avery County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Boynton Beach, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Boynton Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 33473, both at $722.
Property Tax Assessment Values Across Boynton Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Boynton Beach Assessed Value
$446,700
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boynton Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33473 | $446,700 | $446,700 | $446,700 | $446,700 | $446,700 |
Source: Ownwell
Property Tax Bills Across Boynton Beach, North Carolina
In Boynton Beach, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Boynton Beach, located in Avery County, face a median property tax rate of 0.99%, which aligns with the national median. For a home with a median price of $446,700, the property tax bill can be significant. Factors such as property improvements, location, and market conditions can influence the assessed value. In Boynton Beach, the tax bills are remarkably consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $722. This uniformity suggests a stable property tax environment, but homeowners should be aware that their individual tax bills can vary based on specific property assessments. Understanding how these factors come together helps homeowners anticipate their financial obligations, ensuring they can plan accordingly for their annual property tax payments.
Average Boynton Beach Tax Bill
$722
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Boynton Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33473 | $722 | $722 | $722 | $722 | $722 |
Source: Ownwell