Cape Coral, North Carolina Property Taxes
The median property tax rate in Cape Coral, NC is 0.40%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Cape Coral at $286,400, the typical annual property tax bill reaches $1,146, significantly below the national median of $2,690. Property taxes in Cape Coral 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 Cape Coral'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 Cape Coral 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
Cape Coral, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,146
Ownwell’s Cape Coral Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cape Coral with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cape Coral to provide an estimate of 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 Cape Coral, North Carolina
Property taxes in Cape Coral, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cape Coral is 0.40%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Cape Coral set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cape Coral 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 Cape Coral's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 33991 has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Cape Coral 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 Cape Coral 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 Cape Coral, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33991 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Cape Coral, North Carolina
In Cape Coral, 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 Cape Coral, 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 Cape Coral helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 33991 has the highest median tax bill at $1,146, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Cape Coral, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Cape Coral Assessed Value
$286,400
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 Cape Coral, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33991 | $166,320 | $211,350 | $286,400 | $361,450 | $406,480 |
Source: Ownwell
Property Tax Bills Across Cape Coral, North Carolina
In Cape Coral, Avery County, NC, property tax bills are calculated based on the assessed value of a home, not its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, if your home is assessed at the median price of $286,400, your property tax bill would be influenced by the local tax rate and any applicable exemptions. Several factors are considered when determining the tax bill, including the property's assessed value, the local tax rate, and any exemptions or deductions for which the homeowner might qualify. For instance, the tax bill at the 25th percentile is $845, while at the 75th percentile, it rises to $1446, indicating a range of potential tax burdens. This system of property taxation significantly impacts homeowners, as it directly affects their annual financial obligations. Understanding how these taxes are calculated can help homeowners budget more effectively and take advantage of any available exemptions to reduce their tax burden.
Average Cape Coral Tax Bill
$1,146
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Cape Coral, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33991 | $665 | $845 | $1,146 | $1,446 | $1,626 |
Source: Ownwell