Avon, North Carolina Property Taxes
The median property tax rate in Avon, NC is 0.63%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $325,161 in Avon, the typical annual property tax bill amounts to $2,068, which is below the national median of $2,690. Property taxes in Avon are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. By gaining a thorough understanding of Avon's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Avon or another part of Dare County, comprehending the local property tax system is essential for maximizing your financial benefits.
Last Updated June 14, 2024
Avon, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$2,049
Ownwell’s Avon Property Tax Bill Calculator is a powerful tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Avon with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Avon to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down. Your property’s assessed value is determined by Dare County for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Avon, North Carolina
Property taxes in Avon, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avon is 0.63%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Avon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avon 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 Avon's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27915 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Avon provides valuable insights into the varying tax landscape across Dare County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avon Tax Rate
0.63%
Average Dare County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27915 | 0.63% | 0.63% | 0.63% | 0.63% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Avon, North Carolina
In Avon, 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 Dare 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 Avon, 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 Avon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Avon is 27915, with a median tax bill of $2,068. The 25th percentile tax bill is $1,471, while the 75th percentile tax bill is $3,199, and the 90th percentile tax bill is $4,945.
Average Avon Assessed Value
$325,161
Average Dare County Assessed Value
$355,020
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27915 | $174,770 | $237,945 | $325,161 | $475,516 | $657,566 |
Source: Ownwell
Property Tax Bills Across Avon, North Carolina
In Avon, located in Dare County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $325,161, homeowners can expect their property tax bill to vary significantly. The 25th percentile tax bill is around $1,471, while the 75th percentile tax bill reaches $3,199, and the 90th percentile can go up to $4,945. These figures indicate that the property tax burden can vary widely depending on the value of the property and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Avon’s property tax rates can result in relatively high tax bills for homeowners. This variability in tax bills underscores the importance of understanding how local property tax rates and assessed values impact overall homeownership costs in Avon.
Average Avon Tax Bill
$2,068
Average Dare County Tax Bill
$2,313
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Avon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27915 | $1,057 | $1,471 | $2,068 | $3,199 | $4,945 |
Source: Ownwell