Fort Lauderdale, North Carolina Property Taxes
The median property tax rate in Fort Lauderdale, 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 Fort Lauderdale at $181,300, the typical annual property tax bill reaches $660, well below the national median of $2,690. Property taxes in Fort Lauderdale 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 Fort Lauderdale'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 Fort Lauderdale 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
Fort Lauderdale, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$725
Ownwell’s Fort Lauderdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Lauderdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Lauderdale 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 Fort Lauderdale, North Carolina
Property taxes in Fort Lauderdale, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Lauderdale is 0.40%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Fort Lauderdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Lauderdale 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 Fort Lauderdale's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 33331 has the highest median property tax rate of 0.41%, while the zip code 33324 has the lowest median tax rate of 0.40%. Understanding how these cities compare with Fort Lauderdale 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 Fort Lauderdale 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 Fort Lauderdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33301 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33316 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33321 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33322 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33323 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33324 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33326 | 0.22% | 0.25% | 0.30% | 0.35% | 0.38% |
| 33328 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33330 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33331 | 0.40% | 0.41% | 0.41% | 0.42% | 0.42% |
| 33334 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Fort Lauderdale, North Carolina
In Fort Lauderdale, 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 Fort Lauderdale, 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. The median home price in Fort Lauderdale is $181,300. The zip code with the highest median tax bill is 33331, amounting to $2,266, while the lowest median tax bill is in zip code 33326, at $217. 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 Fort Lauderdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fort Lauderdale, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Fort Lauderdale Assessed Value
$181,300
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 Fort Lauderdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33301 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| 33316 | $71,620 | $173,050 | $342,100 | $472,050 | $550,020 |
| 33321 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| 33322 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
| 33323 | $165,001 | $165,001 | $165,001 | $165,001 | $165,001 |
| 33324 | $458,500 | $458,500 | $458,500 | $458,500 | $458,500 |
| 33326 | $34,730 | $59,375 | $100,450 | $141,525 | $166,170 |
| 33328 | $202,960 | $226,150 | $264,800 | $303,450 | $326,640 |
| 33330 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 |
| 33331 | $384,910 | $449,125 | $556,150 | $663,175 | $727,390 |
| 33334 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Fort Lauderdale, North Carolina
In Fort Lauderdale, NC, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate, set by county authorities, is applied to this assessed value. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Fort Lauderdale is $181,300, and tax bills can vary significantly across the area. Homeowners in Fort Lauderdale can expect tax bills ranging from $45 at the 25th percentile to $2,178 at the 90th percentile. The highest median tax bill in the area is $2,266, found in zip code 33331, while the lowest median tax bill is $217 in zip code 33326. These variations highlight the impact of property value and local tax rates on individual tax bills. Compared to the national median property tax rate of 0.99%, Fort Lauderdale's rates offer a diverse range of financial implications for homeowners.
Average Fort Lauderdale Tax Bill
$660
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Lauderdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33301 | $16 | $16 | $16 | $16 | $16 |
| 33316 | $286 | $692 | $1,368 | $1,888 | $2,200 |
| 33321 | $16 | $16 | $16 | $16 | $16 |
| 33322 | $60 | $60 | $60 | $60 | $60 |
| 33323 | $660 | $660 | $660 | $660 | $660 |
| 33324 | $1,834 | $1,834 | $1,834 | $1,834 | $1,834 |
| 33326 | $102 | $145 | $217 | $288 | $331 |
| 33328 | $812 | $905 | $1,059 | $1,214 | $1,307 |
| 33330 | $30 | $30 | $30 | $30 | $30 |
| 33331 | $1,614 | $1,858 | $2,266 | $2,673 | $2,918 |
| 33334 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell