Naples, North Carolina Property Taxes
The median property tax rate in Naples, 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 Naples at $450,000, the typical annual property tax bill amounts to $1,800, well below the national median of $2,690. Property taxes in Naples are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Naples' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Naples or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Naples, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,800
Ownwell’s Naples Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Naples with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naples to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, scrolling down reveals more localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Naples, North Carolina
Property taxes in Naples, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naples is 0.40%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Naples set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naples 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 Naples' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 34119 zip code has the highest median property tax rate of 0.40%, while the 34119 zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Naples 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 Naples 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 Naples, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34102 | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
| 34103 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 34105 | 0.22% | 0.25% | 0.30% | 0.35% | 0.38% |
| 34108 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 34117 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 34119 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Naples, North Carolina
In Naples, 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 Naples, 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. For example, the zip code with the highest median tax bill is 34108, with a median bill of $3,879, while the lowest is 34103, with a median bill of $1,500. 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 Naples helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Naples, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Naples Assessed Value
$450,000
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 Naples, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34102 | $938,700 | $938,700 | $938,700 | $938,700 | $938,700 |
| 34103 | $228,000 | $300,000 | $375,000 | $450,000 | $1,391,160 |
| 34105 | $661,160 | $1,041,200 | $1,674,600 | $2,308,000 | $2,688,040 |
| 34108 | $969,800 | $969,800 | $969,800 | $969,800 | $969,800 |
| 34117 | $375,001 | $375,001 | $375,001 | $375,001 | $375,001 |
| 34119 | $482,900 | $482,900 | $482,900 | $482,900 | $482,900 |
Source: Ownwell
Property Tax Bills Across Naples, North Carolina
Property tax bills in Naples, Avery County, NC, are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence a property’s assessed value, including the market value, location, and physical characteristics of the home. For homeowners in Naples, the median home price is $450,000. Property tax bills can vary significantly, with the 25th percentile at $1,500 and the 75th percentile reaching $3,565. At the higher end, the 90th percentile tax bill is $5,927. Comparatively, the highest median tax bill within the region is $3,879, found in zip code 34108, while the lowest is $1,500 in zip code 34103. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual expenses. By knowing how the tax bill is calculated, homeowners can better plan their finances and potentially explore options for tax relief or exemptions.
Average Naples Tax Bill
$1,800
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Naples, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34102 | $3,252 | $3,252 | $3,252 | $3,252 | $3,252 |
| 34103 | $912 | $1,200 | $1,500 | $1,800 | $5,565 |
| 34105 | $2,061 | $2,705 | $3,779 | $4,853 | $5,497 |
| 34108 | $3,879 | $3,879 | $3,879 | $3,879 | $3,879 |
| 34117 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| 34119 | $1,932 | $1,932 | $1,932 | $1,932 | $1,932 |
Source: Ownwell