Fort Myers Beach, North Carolina Property Taxes
The median property tax rate in Fort Myers Beach, 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 Fort Myers Beach at $75,000, the typical annual property tax bill is $300, which is well below the national median of $2,690. Property taxes in Fort Myers Beach are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Fort Myers Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fort Myers Beach or another part of Avery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Myers Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$300
Ownwell’s FORT MYERS BEACH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT MYERS BEACH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT MYERS 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 Fort Myers Beach, North Carolina
Property taxes in Fort Myers 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 Fort Myers Beach is 0.40%, notably lower than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Fort Myers Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Myers 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 Fort Myers Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, 28704 has the highest median property tax rate of 0.90%, while 28714 has the lowest median tax rate of 0.35%. Understanding how these cities compare with Fort Myers 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 Fort Myers Beach 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 Myers Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33931 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Fort Myers Beach, North Carolina
In Fort Myers 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 Fort Myers 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 Fort Myers Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fort Myers Beach are both $300, with the zip code 33931.
Property Tax Assessment Values Across Fort Myers Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Fort Myers Beach Assessed Value
$75,000
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 Fort Myers Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33931 | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 |
Source: Ownwell
Property Tax Bills Across Fort Myers Beach, North Carolina
In Fort Myers Beach, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. In Avery County, where Fort Myers Beach is located, the median home price is $75,000. The property tax rate in this region results in tax bills that are quite consistent, with the 25th, 75th, and 90th percentiles all at $300. This uniformity simplifies financial planning for homeowners, as they can anticipate their annual tax expenses with greater accuracy. However, despite the relatively low tax bill compared to the national median property tax rate of 0.99%, it remains crucial for homeowners to stay informed about any changes in property assessments or tax rates that could affect their overall tax liability. Understanding these factors helps homeowners manage their finances more effectively and ensures they are prepared for any fluctuations in their property tax bills.
Average Fort Myers Beach Tax Bill
$300
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 Myers Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33931 | $300 | $300 | $300 | $300 | $300 |
Source: Ownwell