Stuart, North Carolina Property Taxes
The median property tax rate in Stuart, 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 Stuart at $542,000, the typical annual property tax bill reaches $3,708, surpassing the national median of $2,690. Property taxes in Stuart are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stuart'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 Stuart 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
Stuart, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$2,168
Ownwell’s Stuart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuart 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 Stuart, North Carolina
Property taxes in Stuart, 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 Stuart 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 Stuart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuart 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 Stuart's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 34997 has the highest median property tax rate of 0.41%, while the zip code 34996 has the lowest median tax rate of 0.40%. Understanding how these areas compare with Stuart 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 Stuart 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 Stuart, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34996 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 34997 | 0.40% | 0.41% | 0.41% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Stuart, North Carolina
In Stuart, 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 Assessor 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 Stuart, 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 Stuart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Stuart is $8,077 in zip code 34996, while the lowest median tax bill is $1,179 in zip code 34997.
Property Tax Assessment Values Across Stuart, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Stuart Assessed Value
$542,000
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 Stuart, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34996 | $1,427,530 | $1,649,425 | $2,019,250 | $2,389,075 | $2,610,970 |
| 34997 | $15,200 | $15,500 | $16,000 | $279,000 | $436,800 |
Source: Ownwell
Property Tax Bills Across Stuart, North Carolina
In Stuart, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by Avery County. Homeowners in Stuart experience a range of property tax bills, influenced by factors such as the home's assessed value and the specific tax rates applicable in their area. For instance, the median home price in Stuart is $542,000, and property tax bills vary significantly. The 25th percentile tax bill stands at $1,739, while the 75th percentile tax bill is $6,598. At the higher end, the 90th percentile tax bill reaches $9,260. These figures illustrate the wide range of property tax obligations homeowners can face. Comparatively, the national median property tax rate is 0.99%, which serves as a benchmark. In Avery County, the highest median tax bill is $8,077 in the 34996 zip code, while the lowest is $1,179 in the 34997 zip code. These variations highlight the impact of local property values and tax rates on homeowners.
Average Stuart Tax Bill
$3,708
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuart, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34996 | $5,710 | $6,598 | $8,077 | $9,556 | $10,444 |
| 34997 | $284 | $620 | $1,179 | $1,739 | $2,074 |
Source: Ownwell