Saint Petersburg, North Carolina Property Taxes
The median property tax rate in Saint Petersburg, NC is 0.40%, 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 Saint Petersburg, the typical annual property tax bill reaches $1,036, well below the national median of $2,690. Property taxes in Saint Petersburg 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 Saint Petersburg'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 Saint Petersburg 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
Saint Petersburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,000
Ownwell’s Saint Petersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Petersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Petersburg 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 Saint Petersburg, North Carolina
Property taxes in Saint Petersburg, 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 Saint Petersburg is 0.40%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Saint Petersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Petersburg 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 Saint Petersburg's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 33715 has both the highest and lowest median property tax rate at 0.42%. Understanding how these areas compare with Saint Petersburg 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 Saint Petersburg 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 Saint Petersburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33704 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
| 33708 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33715 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
| 33733 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Saint Petersburg, North Carolina
In Saint Petersburg, 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 Saint Petersburg, 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. For instance, the highest median tax bill in the area is $5,540 in zip code 33704, while the lowest is $780 in zip code 33708. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Petersburg, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Saint Petersburg Assessed Value
$249,950
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 Saint Petersburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33704 | $1,428,200 | $1,428,200 | $1,428,200 | $1,428,200 | $1,428,200 |
| 33708 | $195,000 | $195,000 | $195,000 | $195,000 | $195,000 |
| 33715 | $304,900 | $304,900 | $304,900 | $304,900 | $304,900 |
| 33733 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
Source: Ownwell
Property Tax Bills Across Saint Petersburg, North Carolina
In Saint Petersburg, Avery County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the estimated market value of the property. Homeowners in this area experience a range of property tax bills. The 25th percentile tax bill is $589, while the 75th percentile reaches $2,354, and the 90th percentile climbs to $4,266, indicating significant variability depending on property value and location. For homeowners, these property taxes directly impact annual expenses. The median home price in the area is $249,950, which helps contextualize these tax bills. Comparatively, the national median property tax rate stands at 0.99%. Within Saint Petersburg, the highest median tax bill is $5,540 in the 33704 zip code, while the lowest is $780 in the 33708 zip code. These figures highlight the importance of understanding local property tax assessments and their financial implications for homeowners.
Average Saint Petersburg Tax Bill
$1,036
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Petersburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33704 | $5,540 | $5,540 | $5,540 | $5,540 | $5,540 |
| 33708 | $780 | $780 | $780 | $780 | $780 |
| 33715 | $1,293 | $1,293 | $1,293 | $1,293 | $1,293 |
| 33733 | $16 | $16 | $16 | $16 | $16 |
Source: Ownwell