Orlando, North Carolina Property Taxes
The median property tax rate in Orlando, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $208,500 in Orlando, the typical annual property tax bill is around $1,200, which is also well below the national median of $2,690. Property taxes in Orlando 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 Orlando'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 Orlando 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
Orlando, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$834
Ownwell’s Orlando Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orlando with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orlando 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 Orlando, North Carolina
Property taxes in Orlando, 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 Orlando is 0.80%, higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Orlando set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orlando 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 Orlando's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28202 zip code has the highest median property tax rate of 1.05%, while the 27517 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Orlando 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 Orlando 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 Orlando, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32801 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 32819 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Orlando, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Orlando, Avery County, North Carolina. The market value represents 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 local 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 Orlando, 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 instance, the highest median tax bill in Orlando is $1200 in the 32801 zip code, while the lowest median tax bill is also $1200 in the same zip code. 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 Orlando helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Orlando, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Orlando Assessed Value
$208,500
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 Orlando, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32801 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 |
| 32819 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Orlando, North Carolina
In Orlando, Avery County, NC, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $208,500, the tax rate is applied to this value to calculate the tax bill. In Orlando, the median property tax bill stands at $1,200, which is consistent across various percentiles. This figure is notably higher than the national median property tax rate of 0.99%, reflecting the specific tax policies and home values in the area. Homeowners in Orlando should consider these property taxes when budgeting for their annual expenses. The uniformity of the tax bill across different percentiles suggests a stable tax environment, which can be beneficial for long-term financial planning. However, it also emphasizes the importance of understanding local tax rates and how they apply to your property’s assessed value.
Average Orlando Tax Bill
$1,200
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Orlando, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32801 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
| 32819 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell