Navarre, North Carolina Property Taxes
The median property tax rate in Navarre, 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 Navarre at $42,600, the typical annual property tax bill is $170, well below the national median of $2,690. Property taxes in Navarre 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 Navarre'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 Navarre or another part of the city, getting familiar with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Navarre, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$170
Ownwell’s Navarre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Navarre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Navarre 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 Avery County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Navarre, North Carolina
Property taxes in Navarre, 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 Navarre is 0.55%, higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Navarre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Navarre 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 Navarre's effective property tax rate to other counties in North Carolina and the national median. For comparison, ZIP code 28777 has the highest median property tax rate of 0.70%, while ZIP code 28657 has the lowest median tax rate of 0.40%. Understanding how these cities compare with Navarre 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 Navarre 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 Navarre, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32566 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Navarre, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Navarre, North Carolina. 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 Navarre, 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 Navarre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 32566, with a median tax bill of $170.
Property Tax Assessment Values Across Navarre, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Navarre Assessed Value
$42,600
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 Navarre, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32566 | $42,600 | $42,600 | $42,600 | $42,600 | $42,600 |
Source: Ownwell
Property Tax Bills Across Navarre, North Carolina
In Navarre, Avery County, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the county's tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Navarre pay a median property tax rate of 0.99%, aligning with the national median. For instance, with a median home price of $42,600, the property tax bill for many homeowners falls around $170 annually, which is consistent across various percentiles. Several factors influence the tax bill, including the property's location, size, and any improvements made. Local tax rates and potential exemptions also play a role. This tax bill impacts homeowners by contributing to the funding of local services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly. The uniformity in tax bills across different percentiles indicates a stable and predictable tax environment for residents in Navarre.
Average Navarre Tax Bill
$170
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Navarre, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32566 | $170 | $170 | $170 | $170 | $170 |
Source: Ownwell