Fernandina Beach, North Carolina Property Taxes
The median property tax rate in Fernandina Beach, 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 Fernandina Beach, the typical annual property tax bill reaches $16, significantly below the national median of $2,690. Property taxes in Fernandina Beach 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 Fernandina Beach'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 Fernandina 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
Fernandina Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$16
Ownwell’s Fernandina Beach Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fernandina Beach with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Fernandina Beach to provide an accurate estimate of your property tax bill. This invaluable tool helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed insights, neighborhood-level trends are available to explore further down the page. Your property’s assessed value, determined by Avery County, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Fernandina Beach, North Carolina
Property taxes in Fernandina 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 Fernandina Beach is 0.40%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Fernandina Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fernandina 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 Fernandina 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 region is 0.70%, while the lowest median tax rate is 0.30%. Understanding how these cities compare with Fernandina 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 Fernandina Beach 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 Fernandina Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32034 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Fernandina Beach, North Carolina
In Fernandina 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 Fernandina 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 Fernandina Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fernandina Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Fernandina Beach Assessed Value
$4,000
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 Fernandina Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32034 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
Source: Ownwell
Property Tax Bills Across Fernandina Beach, North Carolina
In Fernandina Beach, Avery County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as the home's size, location, and market value influence its assessed value. For instance, with a median home price of $4,000, homeowners in Fernandina Beach can expect their property tax bills to vary significantly. The tax bill at the 25th, 75th, and 90th percentiles all stand at $16, reflecting the relatively low property values in the area. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Fernandina Beach homeowners benefit from lower property taxes, which can make homeownership more affordable. However, it's essential for homeowners to stay informed about their property's assessed value and any changes in the local tax rate to manage their annual tax bills effectively.
Average Fernandina Beach Tax Bill
$16
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Fernandina Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32034 | $16 | $16 | $16 | $16 | $16 |
Source: Ownwell