Clearwater, North Carolina Property Taxes
The median property tax rate in Clearwater, NC is 0.40%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Clearwater, the typical annual property tax bill reaches $19, significantly below the national median of $2,690. Property taxes in Clearwater are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clearwater's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clearwater 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
Clearwater, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$19
Ownwell’s Clearwater Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clearwater using just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearwater to project your property tax bill. This invaluable tool provides a clear understanding of your potential tax liabilities. For those interested in more granular insights, additional localized information is available further down the page. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Clearwater, North Carolina
Property taxes in Clearwater, North Carolina, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearwater is 0.67%, which is notably higher than the North Carolina state median of 0.70%, but still below the U.S. national median of 0.99%. Local government entities within Clearwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearwater 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 Clearwater'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 county is 0.80%, while the lowest median tax rate is 0.55%. Understanding how these cities compare with Clearwater 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 Clearwater Tax Rate
0.40%
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 Clearwater, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33761 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33762 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33765 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Clearwater, North Carolina
In Clearwater, 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 Clearwater, 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 Clearwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Clearwater both stand at $1,600 for zip code 33762.
Property Tax Assessment Values Across Clearwater, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Clearwater Assessed Value
$4,850
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 Clearwater, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33761 | $2,200 | $2,200 | $2,200 | $3,525 | $5,910 |
| 33762 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 |
| 33765 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
Source: Ownwell
Property Tax Bills Across Clearwater, North Carolina
In Clearwater, Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's size, age, location, and any improvements made. For example, the median home price in Clearwater is $4,850, and tax bills can vary widely. The 25th percentile tax bill is $9, while the 75th percentile tax bill reaches $53. At the higher end, the 90th percentile tax bill can be as much as $830. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Clearwater may find their tax bills relatively manageable, but they can still vary significantly based on individual property assessments. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Clearwater Tax Bill
$19
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearwater, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33761 | $9 | $9 | $9 | $14 | $24 |
| 33762 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 |
| 33765 | $60 | $60 | $60 | $60 | $60 |
Source: Ownwell