Deerfield Beach, North Carolina Property Taxes
The median property tax rate in Deerfield Beach, NC is 0.21%, 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 Deerfield Beach at $1,219,000, the typical annual property tax bill is $2,593, which is just under the national median of $2,690. Property taxes in Deerfield Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Deerfield Beach'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 Deerfield Beach 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
Deerfield Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.21%
Estimate Property Tax Bill
$2,560
Ownwell’s Deerfield Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deerfield Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deerfield 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 Deerfield Beach, North Carolina
Property taxes in Deerfield Beach, 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 Deerfield Beach is 0.89%, which is significantly higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Deerfield Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deerfield 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 Deerfield Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, ZIP code 27601 has the highest median property tax rate of 1.05%, while ZIP code 27501 has the lowest median tax rate of 0.65%. Understanding how these cities compare with Deerfield 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 Deerfield Beach Tax Rate
0.21%
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 Deerfield Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33441 | 0.21% | 0.21% | 0.21% | 0.21% | 0.21% |
Source: Ownwell
Property Tax Assessment Values Across Deerfield Beach, North Carolina
In Deerfield 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 Deerfield 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 Deerfield Beach 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 bills is 33441, with a consistent value of $2,593.
Property Tax Assessment Values Across Deerfield Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Deerfield Beach Assessed Value
$1,219,000
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 Deerfield Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33441 | $1,219,000 | $1,219,000 | $1,219,000 | $1,219,000 | $1,219,000 |
Source: Ownwell
Property Tax Bills Across Deerfield Beach, North Carolina
In Deerfield Beach, Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition. For homeowners in Deerfield Beach, this means that properties with higher market values will typically have higher assessed values and, consequently, higher tax bills. The median home price in Deerfield Beach is $1,219,000, and the median tax bill is $2,593, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can be beneficial for homeowners, potentially making Deerfield Beach an attractive location for property investment. However, it's essential for homeowners to stay informed about any changes in local tax rates or property assessments that could impact their annual tax bills.
Average Deerfield Beach Tax Bill
$2,593
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Deerfield Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33441 | $2,593 | $2,593 | $2,593 | $2,593 | $2,593 |
Source: Ownwell