Jensen Beach, North Carolina Property Taxes
The median property tax rate in Jensen Beach, NC is 0.43%, 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 Jensen Beach at $342,100, the typical annual property tax bill is $1,459, well below the national median of $2,690. Property taxes in Jensen Beach are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural use. Understanding Jensen 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 Jensen Beach or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jensen Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,471
Ownwell’s Jensen Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jensen Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jensen 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Jensen Beach, North Carolina
Property taxes in Jensen Beach, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Jensen Beach is 0.43%, which is lower than the U.S. national median of 0.99%. Local government entities within Jensen Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jensen 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 Jensen Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 34957 in Jensen Beach has both the highest and lowest median property tax rate of 0.43%. Understanding how these values compare with Jensen 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 Jensen Beach Tax Rate
0.43%
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 Jensen Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34957 | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Jensen Beach, North Carolina
In Jensen 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 Jensen 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 Jensen Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 34957, with a median tax bill of $1,459, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Jensen Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Jensen Beach Assessed Value
$342,100
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 Jensen Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34957 | $342,100 | $342,100 | $342,100 | $342,100 | $342,100 |
Source: Ownwell
Property Tax Bills Across Jensen Beach, North Carolina
In Jensen Beach, property tax bills are calculated based on the assessed value of a home, which is determined by the Avery County tax assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Homeowners in Jensen Beach can expect their tax bills to be influenced by various factors, including property size, location, and any improvements made to the home. For instance, the median home price in Jensen Beach is $342,100, and the property tax bill at the 25th, 75th, and 90th percentiles is consistently $1,459. This uniformity suggests a stable tax rate across different property values. Compared to the national median property tax rate of 0.99%, homeowners in Jensen Beach experience a competitive tax environment. The calculated tax bill directly impacts homeowners' annual expenses, making it a crucial factor in financial planning and homeownership affordability.
Average Jensen Beach Tax Bill
$1,459
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Jensen Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34957 | $1,459 | $1,459 | $1,459 | $1,459 | $1,459 |
Source: Ownwell