Fort Pierce, North Carolina Property Taxes
The median property tax rate in Fort Pierce, NC is 0.42%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Fort Pierce at $505,500, the typical annual property tax bill is $2,130, which is below the national median of $2,690. Property taxes in Fort Pierce are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Fort Pierce's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Fort Pierce 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
Fort Pierce, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$2,123
Ownwell’s Fort Pierce Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Pierce with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Pierce 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fort Pierce, North Carolina
Property taxes in Fort Pierce, 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 Fort Pierce is 0.42%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Fort Pierce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Pierce 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 Fort Pierce's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 34949 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Fort Pierce 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 Fort Pierce Tax Rate
0.42%
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 Fort Pierce, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34949 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Fort Pierce, North Carolina
In Fort Pierce, 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 Fort Pierce, 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. For instance, the highest median tax bill in Fort Pierce is $2130 in the 34949 zip code, which is also the lowest median 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 Fort Pierce helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fort Pierce, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Fort Pierce Assessed Value
$505,500
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 Fort Pierce, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34949 | $505,500 | $505,500 | $505,500 | $505,500 | $505,500 |
Source: Ownwell
Property Tax Bills Across Fort Pierce, North Carolina
In Fort Pierce, Avery County, NC, property tax bills are calculated based on the assessed value of the property. The local tax assessor determines this value, reflecting the property's market value. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $505,500, homeowners can expect a tax bill around $2,130, aligning with the 25th, 75th, and 90th percentiles in this area. Several factors influence the assessed value, including property size, location, and market conditions. These elements ensure that property taxes are equitable and reflective of current market trends. Compared to the national median property tax rate of 0.99%, Fort Pierce's tax rate provides a context for understanding local tax burdens. For homeowners, understanding how these factors interplay is crucial. It affects their annual financial planning and property investment decisions, emphasizing the importance of staying informed about local property tax assessments and rates.
Average Fort Pierce Tax Bill
$2,130
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Pierce, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34949 | $2,130 | $2,130 | $2,130 | $2,130 | $2,130 |
Source: Ownwell